EURUSD Shifts from Reversal to Range, Market Interest Growing While SPX Ebbs
EURUSD, Range, Futures, Open Interest and Sentiment Talking Points: The Market Perspective: EURUSD Bearish Below 1.0700 As EURUSD is held up by the 50-day SMA with a dearth of high-profile event risk through the rest of this week, it is worth throttling the time frame to evaluate more timely levels A four-hour chart of EURUSD […]
HSBC says BOJ to widen Yield Curve Control (YCC) range in H1, USD/JPY lower in 2023
HSBC’s Bank of Japan outlook, in brief from a note. HSBC target H1 2023 for the Yield Curve Control (YCC) range to expand once more, but say they can’t pinpoint the exact date. On the yen, HSBC note other likely domestic developments that could cause USD/JPY to fall this year. Including: resident investors FX-hedging their […]
EURUSD falls to the 38.2% retracement of the 2023 trading range
EURUSD corrects to the 38.2% of the move up in 2023 The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to […]
AUDUSD falls to 2- week low and below 50% of 2023 range but rebounds
AUDUSD moves back to swing area The AUDUSD moved lower with the USD move up after the stronger than expected US jobs data and the stronger ISM data. The US jobs report took the price away from its 100 and 200 hour moving averages up at 0.7069 and 0.7081. In the Asian session, the price […]
Average True Range – ATR Indicator | Forex Volatility Indicator
2023.01.31 2023.01.31 Average True Range – the ATR Indicator: improve your trading with volatility measure Oleg Tkachenkohttps://www.litefinance.org/blog/authors/oleg-tkachenko/ The ATR (Average True Range) indicator is a useful tool that measures volatility levels. The ATR indicator meaning tells us how much the price has changed in a current period compared with previous periods. It is used in […]
AUD/NZD sees range extension above 1.0950 on solid NZ Trade Balance data
AUD/NZD is expected to extend recovery above 1.0950 despite firmer NZ Trade Balance data. A higher NZ labor cost index will escalate inflation projections further. Weaker Australian monthly Retail Sales might ease some troubles for the RBA. The AUD/NZD pair has displayed a sharp recovery move after a gap down open to near 1.0926 in […]
Master Grid MT5: Price Range Control – Other – 28 January 2023
Trading within a given Price Range [entry and exit at given prices] Buy for MetaTrader 5 >> Master Grid MT5 Types of supported price ranges Trading between two given price limits (upper and lower) Trading with only one set price limit (trading is only allowed below or above the set price) Trading without set price […]
Japanese Yen (USD/JPY) Trapped in a Narrow Range Ahead of US Core PCE
USD/JPY Price, Chart, and Analysis Tokyo’s price pressures remain hot. USD/JPY trapped ahead of important US economic data. Recommended by Nick Cawley Download our brand new Japanese Yen forecast Annual inflation in Japan’s largest city, Tokyo, continues to push higher, with the core rate touching 4.3% in January, the highest level in over four decades. […]
Cable Coils into Narrow Range Ahead of Blockbuster Week
GBP/USD Analysis Markets brace for a week of high importance event risk (FOMC, BoE, ECB, NFP and mega-cap tech earnings) GBP/USD technicals highlight major reversal pattern and the potential for increased volatility Fund managers’ sentiment aligns with the contrarian indicator The analysis in this article makes use of chart patterns and key support and resistance […]
Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release Friday Between the progress in certain risk […]