Trade Statistics of Weekly Market Dominator (5 – 10th. Jan. 2023) – Statistics – 7 February 2023
//////////////////////////////GBPJPY///////////////////////////////////////////////////////// GBPJPY SELLERS‘ ENTRY LEVELS GBPJPY BUYERS‘ ENTRY LEVELS Open Position to be held till Friday of the entry week RECOMMENDED STOP LOSS FOR EACH TRADE – 50 PIPS RECOMMENDED PROFIT TARGET FOR EACH TRADE – 200 PIPS //////////////////////////////GBPUSD///////////////////////////////////////////////////////// GBPUSD SELLERS‘ ENTRY LEVELS GBPUSD BUYERS‘ ENTRY LEVELS 1.1966 – Active trade Open Position to be held till Friday of the entry week […]
Weekly Market Dominator (5 – 10th of Jan.2023)
Weekly Market Dominator (5 – 10th of Jan.2023) Source link
USD/MXN rebounds after hitting weekly lows near 18.70; Mexican Peso outperforms EM peers
Mexican Peso among top performers on Friday. UUSD/MXN slide found support above 18.70 as DXY strengthens after the beginning of the American session. US data mostly in line with expectations on Friday. The USD/MXN dropped on Friday to 18.71, reaching the lowest level since January 18 and then rebounded, erasing daily losses after the greenback […]
Re-testing weekly highs, shy of the 20-DMA
USD/JPY remains sideways, trapped within the 129.00/131.00 range. Buyers are unable to conquer the 20-day Exponential Moving Average, and keep the USD/JPY pair range-bound. USD/JPY Price Analysis: Remains exposed to selling pressure, as its bias is still downwards. The USD/JPY bounces from weekly lows reached early Thursday at 129.02 and reclaimed the 130.00 psychological level, […]
XAG/USD marches towards 200-SMA inside weekly bearish channel
Silver price renews intraday high to reverse the previous day’s slump to five-week low. 200-SMA, bearish chart formation keeps XAG/USD bears hopeful. Monthly high acts as the last defense of Silver bears. Silver price (XAG/USD) picks up bids to refresh intraday high near $23.55 as it bounces off the five-week low marked the previous day. […]
USD/CAD declines towards weekly low at around 1.3340 ahead of BoC’s interest rate policy
USD/CAD is looking to extend its downside towards a weekly low around 1.3340 amid the risk-on market mood. The BoC is expected to hike interest rates further by 25 bps to 4.50% this week. Oil prices might deliver a recovery amid optimism over China’s economic recovery. The USD/CAD pair has dropped to near 1.3367 gradually […]
USD/JPY holds to weekly gains near 130.00, high volatility to persist
Japanese Yen among worst G10 performers after BoJ status quo. US Dollar mixed between higher yields and risk sentiment. USD/JPY attempts recovery, still limited below the 20-day SMA. The USD/JPY moved off daily highs during the American session on Friday, pulling back under 130.00. The pair peaked at 130.60, the highest level in two days. […]
Bulls reclaim the 20/200-DMAs, eyeing a weekly close above 140.50
EUR/JPY bounced off the day’s lows at 139.03 and hit a daily high of 141.19 before losing steam. The EUR/JPY reclaiming and achieving a daily close above the 200-day EMA keeps bulls hopeful of higher prices. The Euro (EUR) rallies sharply on Friday, ahead of the weekend, as the Japanese Yen (JPY) weakened following the […]
Asia FX drifts lower on hawkish Fedspeak, weekly losses on tap By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as data released earlier showed that […]
USD/CAD eyes the first weekly gain in five on upbeat options market signals
USD/CAD remains indecisive on a day while taking rounds to 1.3460-50 during early Friday. Even so, the Loonie pair braces for the first weekly gain in five amid upbeat signals from the options market. That said, a one-month risk reversal (RR) of the USD/CAD pair, a ratio of call options versus put options, also known […]