EUR/USD consolidates in a tight range near 1.0500, with investors focusing on the Fed’s policy meeting. The Fed is widely expected to cut interest rates by 25 bps but to deliver slightly hawkish remarks on policy guidance. ECB’s Rehn said that...
Technical analysis of the AUDUSD pair The price moved in a downward direction during the previous two weeks, which led to the opening of trading this week within descending price channels. The price also traded below the weekly pivot level, and...
USD / CAD: An hourly Time frame Road Map My recommendation for the USDCAD investors is that they should go downward. The price hit above the level of 1.4300 yesterday. It might pull back and hit the 1.4265 assist. Today, based on the current market...
USD/CHF Here’s my take on USD/CHF for today based on both technicals and fundamentals: Technical Analysis The pair is trading around 0.8840, slightly below the 50-day moving average, which is acting as a key resistance. If USD/CHF breaks above...
Decoding Forex Pair: AUD/ USD We will discuss the price action analysis of the AUD/ USD currency pair in detail. The general trend direction is downward, and in addition, in the previous post, I said that if the diagonal triangle is broken upward,...
