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US Dollar Forecast - Fed Finally Hikes Rates. Now What for the US Dollar? The Fed finally did it! Its interest rates are above zero for the first time in six years. But why did the Dollar not rally, and what might we watch for next? Euro Forecast - Euro’s Economic Calendar Thins Out Through End of Year With only a handful of events on the economic calendar over the next two weeks, it seems that the low liquidity environment ...
D1 price is located above 100 day SMA (100-SMA) and 200 day SMA (200-SMA) for the ranging within the following key reversal support resistance levels: 100.51 resistance level located above 100-SMA/200-SMA in the primary bullish area of the chart, and97.22 support level located on the border between the primary bearish and the primary bullish trend. The price is trying to break 99.29 intermediate resistance level to above, and RSI indicator is estimating the ranging ...
EUR/CAD: bullish breakout. The pair is on bullish market condition since the beginning of Dec this year: price broke Ichimoku cloud from below to above together with Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price was stopped by 1.5125 resistance and 1.5200 resistance levels together with ascending triangle pattern to be formed for the price to be started with the ranging market condition near and below those resistance ...
Talking Points: EUR/USD Technical Strategy: FlatEuro Drops to Two-Week Low vs. US Dollar Amid Fed Rate Hike AftermathRisk/Reward, Tactical Considerations Argue Against Taking Short Position The Euro is facing swelling selling pressure against the US Dollar in the aftermath of the FOMC monetary policy announcement, with prices dropping to a two-week low. The pair topped below the 1.11 figure having rebounded following the ECB rate decision.Near-term support is in the ...
Talking Points: -US Dollar Technical Strategy: Bullish Off 100-DMA into FOMC -Consolidation before FOMC Statement Favors Upside -Trader Sentiment Ahead of FOMC Flashing Contrarian Bullish Signals Ahead of the December 16, FOMC meeting, markets are pricing in a 74% probability of a hike with a near 40% chance of an additional 25bps hike in March. In recent trading, the US dollar has seen the 100DMA near 12,040 act as firm support and going through FOMC, we can ...
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