Market Analysis: The Bearish Retracement in NZDUSD has Concluded The NZDUSD currency pair has experienced a significant breakout following an extended period of consolidation that lasted from mid-February to late August 2024. This consolidation phase was characterized by a relatively tight range, with the price confined below a crucial resistance level at 0.62120. However, as…
EUR/USD: Rate Drops, Dollar Falls ● The United States Federal Reserve System (Fed) announced its decision on the benchmark interest rate following the two-day meeting held on September 17-18. The intrigue lay in the rate cut step—whether it would be the standard 25 basis points (bps) or twice as much. On the eve of…
– The decline in the price of bitcoin and other cryptocurrencies this week is most likely due to investors anticipating the upcoming decision by the US Federal Reserve regarding a rate cut. The announcement will be made following the conclusion of the meeting on 18 September. However, as some analysts have noted, the timing of…
With the Federal Reserve likely to implement monetary policy that is already fully anticipated, the dollar has a bearish outlook. This suggests that the GBPUSD market is targeting a previously reached resistance. Let’s take a closer look. Key Price Levels:Resistance Levels: 1.3300, 1.3500, 1.3700Support Levels: 1.3200, 1.3000, 1.2800 GBPUSD Trades Above an Important Level Price…
Will There Be a Forex Trading Surprise This Week? – Forex Forum September 16, 2024 /Posted byGVI Forex / 80 / Source link
Forex trading offers great potential for profit, but it’s crucial to understand key concepts like MT4 Swap to maximize your returns. MT4 Swap, also known as a rollover fee, plays a critical role in determining the cost or profit of holding positions overnight. By mastering how swap rates impact your trades, you can optimize your…
During the previous week, the US dollar experienced a moderate recovery after economic data showed some strengthening. This resulted in a moderate price dip in the AUD/USD market. Currently, the market is on the brink of breaching the psychological support level at the 0.6700 threshold. Let’s take a closer look at the situation. Key Price…
Market Analysis: NZDUSD Experiences Significant Bearish Pullback Ahead of Bullish Trend The NZDUSD currency pair in early 2024 entered a consolidation phase, with price movements restricted between the key levels of 0.62180 and 0.58900. However, in late August, a notable breakout occurred, driving the price above the 0.62180 level. This breakout signaled the beginning of…
EUR/USD: Storms and Tempests on September 18, 19, and 20 ● The past week can be divided into two parts – from September 9 to 11, and from the 12th to the 13th. Initially, the dollar strengthened, then it lost ground. The trend shift occurred after data released on Wednesday, September 11, indicated a…
Welcome to the thrilling world of Forex Trading! Whether you’re a curious beginner or an aspiring trader, you’ve come to the right place. By the end of this article, you’ll understand the fundamentals of Forex trading, how it works, and how you can get started. So buckle up! We’re diving into the largest and most…