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The near term outlook remains bullish for the US Dollar as rate differentials continue to move in favour of the greenback. By the way, the daily GBP/USD price is on secondary ranging located near and below monthly Pivot level (monthly PP) at 1.3218 and above S1 level at 1.2999. - If the daily price breaks monthly PP level at 1.3218 to above so the daily bullish reversal will be started. - If the daily price breaks S1 level to below so the ...
The Australian Dollar has strong fundamentals, but external influences are dominating for now. Will the strong economy be realised in the AUD/USD price? Daily price is located in the primary bullish area of the chart above Ichimoku cloud: the price is on the secondary correction started 2-3 days ago by breaking 0.7455 support level to below for the correction to be continuing with 0.7253 target for the daily bearish reversal to be started. ...
Q1 hasn’t been easy for investors. And as we look ahead to what is in store for crypto markets in Q2, we can still believe that “macro matters” in the sense that tighter financial conditions and slowing economic growth are serious headwinds. The de-leveraging and liquidity draining impact of the Fed’s policy shift will likely cap any serious rise in crypto prices, but in the face of that, there are a few fundamental and regulatory points for long term investors to be excited about. ...
The anti-risk Japanese Yen put in a dismal performance during the first quarter of 2022, particularly as March wrapped up. A majors-based Japanese Yen Index that averages JPY against USD, AUD, GBP and EUR fell as the S&P 500 and 10-year Treasury yield climbed. Stocks and bond yields rising in tandem can make it difficult for the Japanese currency to shine. The weekly price is on primary bullish market condition for trying to break 125 resistance ...
The Euro suffered punishing losses in the first quarter of 2022. The currency is on pace to shed almost 3 percent against an average of its major counterparts, marking the worst three-month performance in 7 years. Daily price is on primary bearish market condition located below Ichimoku cloud by trying to break 1.0874 support level to below for the bearish trend to be continuing with 1.0805 as a nearest possible target. Alternatively, ...
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