Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
XAU/USD: an attempt to recover
Information is not investment advice
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461. The price has managed to break above the short-term downtrend line, MAs on the H1 support it. If gold rises above $1,467, it will bottom and have scope to strengthen to $1,472.35 (38.2% Fibo of November decline) and $1,476.40 (50-period MA on H4). We don’t count on further advance for now, as XAU/USD will run into the resistance of the 100-day MA at the mentioned levels. On the downside, a fall below $1,459 is needed to open the way to $1,446.
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
What Will Happen with the Euro? An Economic Perspective.
eurusd-is-falling-what-to-expect-from-the-future-price-movement
Will Australia's "Rampant Inflation" Prevail in May?
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
How Will BoJ Meeting Affect the Yen
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus
Choose your payment system
