Forex Trading

EUR/USD's Bear Breakout Continues

EUR/USD's Bear Breakout Continues

By Al Brooks | 19 hour ago (07 Feb, 2023, 21:00 PM (UTC+04:00))

The EUR/USD pair has three consecutive bear bars in a row, and yesterday closed below the day's open. The argument of a small pullback bull trend is likely over for the bulls. This means the market...

EUR/USD Dips to 1-Month Low

EUR/USD Dips to 1-Month Low

By Kenny Fisher | 19 hour ago (07 Feb, 2023, 21:00 PM (UTC+04:00))

The euro has fallen for three straight sessions and has extended its losses on Tuesday. Earlier in the day, EUR/USD fell below the 1.07 line for the first time since Jan. 23.Eurozone Data...

Markets Mixed as Stocks Remain Firm and Bond Yields Soft

Markets Mixed as Stocks Remain Firm and Bond Yields Soft

By Marc Chandler | 19 hour ago (07 Feb, 2023, 20:30 PM (UTC+04:00))

After large moves yesterday, the capital markets are quieter today. Stocks are mostly firmer, and the United States 10-Year yield is a little softer near 3.62%. Strong nominal wage increases in Japan...

Aussie Jumps After RBA Hike

Aussie Jumps After RBA Hike

By Kenny Fisher | 19 hour ago (07 Feb, 2023, 20:30 PM (UTC+04:00))

The Australian dollar posted strong gains on Tuesday. In the European session, AUD/USD is trading at 0.6934, up 0.75%.RBA Hikes by 25 BPSThere were no surprises from the RBA, which raised rates by 25...

GBP/USD Forms Bearish Double Top; Confirmation Required

GBP/USD Forms Bearish Double Top; Confirmation Required

By Trading Point | 19 hour ago (07 Feb, 2023, 20:30 PM (UTC+04:00))

GBPUSD raised questions over its four-month-old positive trend after failing to print a new higher high above December's peak of 1.2445, subsequently crashing below two support trendlines.Despite the...

The 50% Fibonacci and 1.10 Double Punch Was Too Much for EUR/USD

The 50% Fibonacci and 1.10 Double Punch Was Too Much for EUR/USD

By Petros Steriotis | 19 hour ago (07 Feb, 2023, 20:30 PM (UTC+04:00))

The 50% Fibonacci and 1,10 double punch was too much for EUR/USD Original Post

Has U.S. Dollar's Bull Trend Resumed?

Has U.S. Dollar's Bull Trend Resumed?

By Jason Sen | 1 day ago (07 Feb, 2023, 07:00 AM (UTC+04:00))

AUD/USD rejected the 100-week & the 500-day moving averages at 7160/80 & collapsed through support at 7060/50 on Friday for a sell signal targeting 6990/80 & 6930/20. After the bearish engulfing...

Japanese Yen Weakens on BoJ Rumor and Strong U.S. Jobs

Japanese Yen Weakens on BoJ Rumor and Strong U.S. Jobs

By BlackBull Markets | 1 day ago (07 Feb, 2023, 07:00 AM (UTC+04:00))

The Japanese yen has fallen past 132.50 per dollar (from 129.00 last Friday), reaching its lowest point in four weeks following reports that the government is considering Bank of Japan Deputy Governor...

EUR/USD: Strong Bear Breakout, Another Leg Down Likely

EUR/USD: Strong Bear Breakout, Another Leg Down Likely

By Al Brooks | 2 day ago (06 Feb, 2023, 23:00 PM (UTC+04:00))

The bears got a strong bear breakout last Friday, and now they have two consecutive bear trend bars. The downside breakout is strong enough to get at least a small second leg down. The market is now...

AUD/JPY's Triangle breakout

AUD/JPY's Triangle breakout

By Scott Barkley | 2 day ago (06 Feb, 2023, 23:00 PM (UTC+04:00))

Bullish: AUD/JPY is currently at 91.34 in a range and a Triangle.  If we can break the triangle, we are looking for a continuation to the ATR target at 92.40 area with a further target the 1.618 Fibo...

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