Month: September 2019

EURUSD made a five rise into a new impulse from the 1.0936 area, which is a sign of a change in trend. A five-wave move with no overlaps suggests where the trend is going, and in our…

The Sterling is easing from the weekly high.  The key level to beat for bears is the 1.2281 support.  Fed’s Powell is speaking and is optimistic about the economy in the United States, helping USD.    GBP/USD daily…

Fed’s Powell is not expecting a recession in the United States (US).  Powell’s optimistic remarks allow the Greenback to inch higher against the Euro.   EUR/USD daily chart   On the daily time-frame, the shared currency is trading…

DXY (US Dollar Index) reacted positively after optimistic comments from Fed’s Powell.  The level to beat for bulls is at 98.42 and 98.68 resistance levels.   DXY daily chart   DXY (US Dollar Index) is trading in…

Fed’s Powell is not forecasting a recession in the United States (US), helping EUR/USD to inch lower.  The level to beat for bears is the 1.0981 support level.      EUR/USD daily chart   On the daily…

USD/CAD finally catches a bid on the central bank divergences. CAD hits the downside target of prior support/resistance 61.8% Fibo confluence. This was the week:  Traders were buying risk-on assets from the get-go with an announcement that…