USDCHF Rises Ahead of SNB Policy Rate Yesterday USDCHF rose sharply drawing a long body bullish candlestick with almost no shadow on the top and bottom of the candle. Price formed a low of 0.84144, a high of 0.85067, and closed at 0.85012 on the ...

What happen in the market today?

EURUSD soared to reach the upper band, even trying to get out of the line. The RSI level is at 62, maybe the market is almost overbought but the price has broken the high.

EURUSD only

Canadian Dollar strengthens against US Dollar, BOC Gov Macklem Speaks highlighted. This week USDCAD experienced a significant decline, extending the previous week's decline. Yesterday the price drew a long body bearish candlestick indicating a ...

What happen in the market today?

Finally, yesterday's price back to the previous range, and it fell with a bearish candlestick back near the middle band line. Try waiting for the price to approach the lower band.

EURUSD only

AUD/USD strengthens ahead of RBA policy on the horizon Yesterday the AUDUSD currency pair drew a bullish candlestick with a short shadow at the top of the candle indicating the strengthening of the Australian dollar against the US dollar. Price ...

What happen in the market today?

The market trend seems to be confusing. Maybe the prices are still in the range between the upper and middle bands. Today PMI data will be released which may be of concern to traders from a fundamental perspective.

EURUSD only

Gold hit a new record high on hopes of global central banks cutting interest rates. On Friday the price of gold surged to reach a new record high of $2625 on the FXOpen platform. With the soaring gold price in addition to the Fed's policy of cutting ...

What happen in the market today?

This week fail several times on EURUSD, but sustained profit from one gold trade. Happy weekend, and happy green pips to all.

EURUSD only

It doubtful market, yesterday the price rose hitting the stop loss, but now the trend seems to be fading, there is a Bollinger band squeeze at M15 waiting for a breakout.

EURUSD only

USDJPY moves below the middle band ahead of the BoJ policy rate USDJPY yesterday drew a bullish small-body candlestick with a long wick on the top candle indicating the price had reached 143,937 and closed at 143,606. A UOB group analyst predicts ...

What happen in the market today?

The price broke the lower band, yesterday the market was volatile, apparently due to the Fed cutting interest rates by 0.50%, higher than the forecast of 0.25%. Try betting that the EURUSD extends its decline.

EURUSD only

Markets are volatile the Fed cuts interest rates in half including NZDUSD The Fed finally cut interest rates by 0.50%, higher than the forecast of 0.25%, so that the Fed interest rate is now 5.00%. The market looks volatile in response to the Fed's ...

What happen in the market today?

Yesterday after the release of US retail sales data, there was pressure on the USD, ahead of the Fed cut rate the price is now crossing the middle band on H1, expected to continue movement within the market range.

EURUSD only

US retail sales data brings gold pullback After reaching a record high, gold was reluctant to continue its rise ahead of the Fed's meeting to cut interest rates this week. Gold prices yesterday fell to a low of $2560 from a high of $2586 after the ...

What happen in the market today?

EURUSD jumped yesterday despite bank holidays in Japan and China, which didn't seem to have much influence on this pair, today we are waiting for US retail sales data, which is expected to extend the rise.

EURUSD only

EUR/USD rose across the middle band on hopes of the Fed lowering interest rates EUR/USD price on Monday continued its rise after ending consolidation near the middle band line. Bank holidays in Japan and China don't seem to have much influence on ...

What happen in the market today?

Today there are no high-impact economic data releases in the economic calendar, even Japanese and Chinese bank holidays may reduce transaction volume. EURUSD is now consolidating near the middle band line which is a means of price deviation.

EURUSD only

CHFJPY extended its decline at the end of the week by drawing a long body bearish candlestick with almost no shadow. Price drew a high of 166.655 and a low of 165.565 at the FXOpen chart. This extends the bearish sentiment of the CHFJPY pair since ...

What happen in the market today?

Simple, just put the EMA indicator on the chart and then read the line, when the price is above the line means market tends to upward, likewise when the price below the line, means the market tends to downward

Market Trends with EMA

Happy weekend all traders, I hope everyone gets a decent profit on this week's trading. Next week the Fed is expected to cut interest rates to 5.25% from the previous 5.50%.

EURUSD only