Crypto Stumbles to Lows, EU Awaits PMI Data, SPX Flat6/22/2021 EUR/USD Analysis EU bounces off support and oscillates between support and resistance from 1.19100 and 1.18700. German and French PMI data will report tomorrow which could add extra volatility in the market. The US also has PMI news coming out that day, so we can […]
6/21/2021 Fundamentals The US dollar and the Japanese yen is probably one the most interesting pairs in forex due to their traits and behaviors and how they fall into their roles. For example, both currencies are considered safe havens to most investors, but at the same time, they a very fundamentally different. The yen's negative […]
USD Continues to Climb, Gold Sinks6/18/2021 USD/CAD Analysis UC broke above resistance after a period of consolidation on the 4H timeframe and is creating more levels of support. The dollar index continues to rise going into the market open so we could probably expect further upside today. Gold Analysis This precious metal continues to get […]
6/17/2021 USD/CAD Analysis UC did end up switching to bullish momentum after FOMC statements announced two rate hikes before 2023. The pair came up to hit resistance around 1.23412. Lots of support levels below could help out in this new bull run for UC as we can expect further bullishness on the USD. Gold Analysis Gold […]
Dollar Finds Strength, Market Tries to Hit New Highs6/11/2021 GBP/USD Analysis Governor Bailey spoke this morning causing some volatility on the pair to the downside. Price is still in a consolidation phase in between the levels 1.4102 and 1.42414. The dollar is stronger this morning, but if the fed doesn't decide to raise rates, the […]
USD Biggest Jump in Inflation Since 90s6/10/2021 USD/CAD Analysis The US dollar sinks on mixed sentiment regarding inflation news. CPI is rising faster than ever recorded since the 90s at a 5% rise in CPI in a year and a 3.8% rise in core CPI. Price broke under its trendline on the 4H chart and […]
GBPCHF, Gold and SPX Gear For a Runup6/8/2021 GBP/CHF Analysis GBPCHF hits the bottom trend line on the 4H chart to test support for the third time. There isn't much news out on these two currencies, so technicals are more valid here. This pair is down 0.42% on the day which is one of the […]
UC Oscillates, Investors Fear Inflation6/7/2021 USD/CAD Analysis UC still in heavy consolidation on the latest news shows mixed sentiment for both currencies. As of our most recent numbers for both countries, the US has a lower unemployment rate than CAD which could boost demand for the dollar. The pair formed a clear uptrend line approaching […]
UC Trades Sideways, Gold Bounces Back, US Unemployment Hits Yearly Lows6/4/2021 USD/CAD Analysis The dollar cad starting to fall on the 4H chart on CAD's employment change numbers missing expectations and their unemployment rate stayed the same, while USD's NFP numbers missed. The pair is under consolidation between 1.20079 and 1.21383 where it looks like […]
Trade Setups After USD Jobs Data6/3/2021 NZD/USD Analysis NU down 0.71% on the day after US dollar news came out bullish with unemployment claims and NFP employment change. The pair has formed a slight downtrend and crossed underneath its 200 SMA on the 4H timeframe. Big support lies around 0.71611. Gold Analysis The USD Non-Farm […]
