Forecasts & Analysis | Currencies
AUD/USD Price Forecast – Australian Dollar Continues to Test Resistance
The Australian dollar has rallied significantly during the course of the trading session on Wednesday to reach towards the 0.72 level yet again.
EUR/JPY and CAD/JPY Currency Pairs Elliott Wave Cycles Point Downside
EURJPY is turning sharply down in the 4-hour chart again, perfectly from projected resistance after we noticed a corrective rally in wave 4.
EUR/USD Mid-Session Technical Analysis for December 22, 2021
The direction of the EUR/USD on Wednesday will be determined by trader reaction to 1.1291.
Greenback – What to Expect From Major Pairs for Now?
Although the Fed signals three hikes for 2022, tapering and Dot Plot plans, it seems like the benefits from these on the dollar seem to have some form of a lagging effect.
EUR/USD Daily Forecast – Resistance At The 20 EMA Stays Strong
EUR/USD faced resistance near 1.1295 and pulled back.
GBP/USD Daily Forecast – U.S. Dollar Rebounds Against British Pound
GBP/USD faced resistance at the 20 EMA and pulled back.
NZD/USD Forex Technical Analysis – Weakens Under .6768, Strengthens Over .6785
The direction of the NZD/USD on Wednesday is likely to be determined by trader reaction to .6768.
USD/JPY Forex Technical Analysis – Taking Out 114.262 Changes Trend to Up; 114.380 Trigger Point for Breakout
The direction of the USD/JPY on Wednesday is likely to be determined by trader reaction to 114.029.
AUD/USD Forex Technical Analysis – Strengthens Over .7154, Weakens Under .7108
The direction of the AUD/USD on Wednesday is likely to be determined by trader reaction to .7154.
U.S. Dollar Index (DX) Futures Technical Analysis – Strengthens Over 96.355, Weakens Under 96.195
The direction of the March U.S. Dollar Index on Wednesday is likely to be determined by trader reaction to 96.355 and 96.195.