EUR/USD is riding a strong uptrend, supported by technical momentum and weakening U.S. fundamentals, such as dovish Fed expectations and soft economic data. We're approaching key resistance, where a breakout could lead to further gains, but if resistance holds, a pullback to support is possible. Meanwhile, we'll stay in the current uptrend until we reach this key...
This bearish short trend strategy on the 4-hour chart aims to capitalize on the current downtrend, with price forming **lower highs and lower lows**. The entry is placed near a key resistance zone where the price has shown rejection, confirmed by custom indicators signaling a short opportunity. A stop-loss is placed just above the resistance to protect...
CAD - Tuesday's upbeat Canadian Q4 GDP print, a modest uptick in crude oil prices continued underpinning the commodity-linked GBP - UK Market Manufacturing PMI for February rose from 54.9 to 55.1 points, which was better than the neutral forecasts of analysts. At the same time, the volume of consumer lending in the country for January fell by a significant 2.392...
The technical outlook for GBP/JPY rates also remains overtly bullish
Australian dollar broke through its resistance point we should be expecting a lot of bullish movement against the USD
Japan economy minister Nishimura says Q4 GDP result point to potential economic recovery GDP Growth Annualized Prel (Q3) = 22.9% GDP Growth Annualized Prel (Q4) = 12.7% GDP Growth Rate QoQ Prel (Q3) = 5.3% GDP Growth Rate QoQ Prel (Q4) = 3%
GBP keeps on gaining more power against JPY GBP : Increasing vaccination + Investors Hope = Boost economy JPY : Medical Systems are too High = Investor running away