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DXY: The DXY (US Dollar Currency Index) chart currently exhibits a bullish overall momentum, indicating strength in the US Dollar. According to your analysis, there is potential for a bullish breakout through the 1st resistance level and a subsequent rise towards the 2nd resistance level. The 1st support level at 102.66 is considered significant for […]

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USD in Limbo as Market Anticipates Fed’s Decision

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31/01/2024

GBP/USD Eyes Fresh Increase, Fed Rate Decision Next

Key Highlights GBP/USD is holding the 1.2620 and 1.2600 support levels. A key declining channel is forming with resistance near 1.2700 on the 4-hour chart. EUR/USD extended losses toward 1.0800 and remains at risk of more downsides. The Fed interest rate decision is scheduled today (forecast 5.5%, versus 5.5% previous). GBP/USD Technical Analysis The British […]
23/01/2024

AUD/USD Faces Major Hurdle, Can It Recover?

Key Highlights AUD/USD declined below 0.6650 and tested the 0.6525 zone. A major bearish trend line is forming with resistance near 0.6610 on the 4-hour chart. EUR/USD is consolidating losses near the 1.0900 zone. Crude oil prices might start another increase above the $75.50 resistance. AUD/USD Technical Analysis The Aussie Dollar started a major decline […]
27/03/2024

USDCHF Wave Analysis

USDCHF broke the resistance level 0.8875 Likely to rise to resistance level 0.9100 USDCHF currency pair recently broke the resistance level 0.8875 (which has been reversing the price from February), intersecting with the 61.8% Fibonacci correction of the downward impulse from October. The breakout of the resistance level 0.8875 accelerated the C-wave of the active […]