Japanese Yen Forecast - Yen Price May Rise, Look Past BoJ, Eye Vulnerable Stock Markets A lull in key event risk exposed stocks to bigger adverse fundamental themes as the Japanese Yen rose. It may keep going, looking past the BoJ as the S&P 500 still remains vulnerable. Australian Dollar Forecast - Australian Dollar Might Get Some Respite If Inflation Holds Up The Australian Dollar remains very short of fundamental support ...
US Dollar Forecast: All Eyes on Washington DC Amid Tax Cut Debate The US Dollar is likely to find its fortunes linked to the prospects of passing tax cut legislation that markets think might lead to a steeper Fed rate hike cycle in 2018. British Pound Forecast: Short-Term Weakness May Offer Long-Term Opportunity The post-Bank of England sell-off in Sterling has pushed it back towards support levels and may offer bullish traders ...
The AUD/USD is trading into key values of support, as the pair has fallen as much as 199 pips from the standing yearly high at .7741. This decline has come mostly on the back of recent US Dollar strength, and now the market is waiting for Fed Chair Janet Yell to make her most recent statements in Chicago later today. Technically the AUD/USD is trending lower in the short term, trading well below its 10 day EMA (exponential moving average), ...
The AUD/USD has started Tuesday’s trading breaking out to a new 2017 high at .7384. However, the pair was quickly rejected by resistance found at a 61.8% retracement value at .7385. As seen in the image below, this retracement has been measured using the distance between the December 2016 high and low, found at.7524 and .7159 respectfully. If prices continue to trade beneath this value, it may suggest a daily turn back in the direction of the pairs primary trend. Alternatively if the AUD/USD rebounds ...
The AUD/USD is currently trading to new weekly highs, and is poised to close higher for the fourth consecutive session. This initial surge in price higher was predicated on a technical move through .7253, which is represented in the graph below using the 200 day moving. Normally a move above the 200-day MVA suggests the beginnings of a bullish trend. Knowing this, day traders may then elect to move in to smaller time frames and look for signs of the trend continuing. ...
Recent Visitors
Archive
Go to Profile
Mark as Read