My personal opinion on price movement based on Fed Decision. Fed Decision: 1. Interest rate Increase (Most likely) USD temporarily become strong. Price will drop until 1.05300 and slowly climb back to 1.07500 2. No Changes in Interest Rate (Pausible) Price will retest at 1.06500 or Will possibly break resistance 1.08000 3. Interest rate Decrease...
The EURCAD currency pair has been in an uptrend recently, but price has faced resistance and has failed to break through it. As traders, it's important to keep a close eye on key levels, such as the trendline and the dotted support line, to determine the next potential move in the market. With the upcoming Federal Reserve rate decision, traders are advised to...
Aud/Usd Forecast week 11-16 december with the rate decision coming we can expect short falling.
EURUSD Intraday - We look to Sell at 0.9992 (stop at 1.0042) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Reverse trend line resistance comes in at 0.9995. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 0.9881 and 0.9850...
Morgan Stanley Short Term - We look to Sell at 87.23 (stop at 89.69) The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Prices expected to stall near trend line resistance. Further downside is expected. Preferred trade is to sell into rallies. Our profit targets will be 80.98 and 79.00...
***Not Financial Advice*** The EUR/GBP has rotated off of the lowest major framework box in its range signaling that we are headed toward the opposite side of the range, or 1000 pips away at minimum. See EUR/USD for a preview of what this market could do. With the EURO Rate Decision set for Wednesday this week, this could be a high impact event that catalyzes...
AUDUSD Intraday - We look to Sell at 0.7075 (stop at 0.7135) We are trading at overbought extremes. The 200 day moving average should provide resistance at 0.7074. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Our profit targets will be 0.6900 and 0.6780 Resistance: 0.7130 / 0.7315 / 0.7500 Support:...
EURAUD has traded into a key pivot as support prior to the RBA rate decision, which will decide the RBA's interest rate going forward. Technically the pair is at a key support zone and the RSI is giving bullish divergence. The EURAUD has pulled back following a multi week bull market, and we anticipate the RBA rate decision to be the catalyst for a continuation in...
USDCHF is capped at resistance prior to the CHF Rate decision & statement, which may give the SNB a chance to be suprisingly hawkish following months of positive economic data out of Switzerland. The RSI & PPO have both generated sell signals. Price is also around the 50% fibonacci & trendline on the daily chart (not pictured)
Description: An analysis for the week ahead. Points of Interest: Two-Day Balance, 100% Retracement Level And LVN Below $3,200. Technical: Broad-market equity indices ended the week lower with S&P 500 retracing nearly 100% of the rally that began after the September sell-off. During Last Week’s Action: Alongside a materialization of the Federal...
RBNZ Interest Rate Decision Tomorrow at 0200 GMT (24/6/2020), the Royal Bank of New Zealand is releasing their interest rate decision. The interest rate decision is based upon business and economic conditions in New Zealand, and typically provides an outlook for coming economic conditions. The consensus is that the interest rate will remain unchanged at 0.25%,...
We were unsure about the price development yesterday as no hints were present. We clearly defined the range of 12 151 - 12 494 and the price stayed there all day long. The session was a slow one with the range being relatively narrow. Dax was moving sideways just to close the day near break even. Our zones remain unchanged. Important zones Resistance: 12...
RBA is less likely to provide further support to the Aussie dollar and expect any AUD weakness to be mostly channeled through a lower AUD/NZD, where the monetary policy differential may be more evident (given a neutral RBNZ). Market participants in this cross-currency seem to price in ahead of the meeting where we can see a strong bearish pressure for now in the...
A bullish bat setup that forms near the demand zone is ready to trade, but not for me. I'm waiting for further confirmation as the Point C touches Point A which set up as a warning sign for traders. At 8pm(+8GMT) there is an interest rate decision, it should move the market. I will at least need a candle confirmation to engage this trade.
Gold has been trading in the range for a long time, now, as Fed is about to make rate decision and it's also time for President Trump to give his decision on Tarriff on China's goods. It's time for Gold to break the range. As seen on the chart, on the bigger time frame, Gold is ranging in a big Triangle and it's only move about just 1/2 of the length of the...
Today’s main event is the Fed meeting with the rate announcement at 20:00 CET. As Fed is widely expected to stand pat, main market mover would be Fed’s new rate projections for 2020. We have 2 main scenarios. The first one is if this evening more committee members forecasting a single rate hike in 2020 or two rate hikes in 2022. In that case, EUR/USD will likely...
BoC rate decision is the main focus today. For the past 2 weeks, USD/CAD has been traded in a tight range and while no changes are expected from the central bank, Governor Poloz's speech will be watched closely. He could continue to talk about the possibility of an “insurance cut” in coming months, as uncertainty of trade war persists. If Poloz focuses on the...
Expectations are for the RBA to hold on to any further rate cuts, for now, so the big action is likely to come only if there is a surprise rate cut from the current overnight interest rate of 0.75 percent. After the RBA event, AUD / USD may fall into a "buy-the-rumor, sell-the-news" situation as an interest-rate holding might have been pre-priced. Negative...