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200 Day Moving Average: What it is and How it Works

Posted by By 09/07/2021Posted inForex
The 200 day moving average is widely used by traders to identify long term trends. Learn how to apply it when trading
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British Pound Outlook Hinges on UK CPI, Employment Report

Posted by By 09/07/2021Posted inForex
Fresh data prints coming out of the UK are likely to sway the near-term outlook for GBP/USD as BoE Governor Bailey insists that the “economy is bouncing back rapidly.”
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DiDi, U.S. Treasury Yields & OPEC+ – FinTwit Trends to Watch

Posted by By 09/07/2021Posted inForex
FinTwit is gathering steam these past few weeks as market trends continue to intensify. This week Chinese ride service firm DiDi, U.S. treasury yields and OPEC+ disagreements are dominating headlines.
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Oil Price Forecast: Did Oil Top? WTI Snaps Six-Week Run- Crude Levels

Posted by By 09/07/2021Posted inForex
Oil prices are poised to snap a six-week winning streak with WTI reversing sharply off key technical resistance. The levels that matter on the oil technical chart.
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Euro Forecast: EUR/USD Rebound Generates RSI Buy Signal

Posted by By 09/07/2021Posted inForex
Recent developments in the Relative Strength Index (RSI) indicate a larger rebound in EUR/USD as the oscillator pushes back above 30 to offer a textbook buy signal.
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USD/CAD Drops, CAD/JPY Climbs on Mixed Canadian Jobs Report

Posted by By 09/07/2021Posted inForex
The Canadian Dollar is staging a nice rebound during early Friday trade with the Loonie stronger against the US Dollar and Japanese Yen as USD/CAD and CAD/JPY react to the…
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NZD/USD Price Outlook: Trading Range Develops Ahead of RNBZ Rate Decision

Posted by By 09/07/2021Posted inForex
The Kiwi Dollar looks to have settled into a trading range ahead of the RNBZ rate announcement next week where no change to the rate is expected
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South African Rand Dollar Price Forecast: USD/ZAR Poised for Bullish Breakout?

Posted by By 09/07/2021Posted inForex
The South African Rand remains resilient against the US Dollar as price action remains suppressed at major resistance.
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Chinese Yuan (CNH) Sees Muted Reaction Following PBoC Rate Cut

Posted by By 09/07/2021Posted inForex
As widely touted, the PboC announces a 50bps rate cut. USD/CNH tests 6.5000.
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Gold Price (XAU/USD) Struggling to Break Meaningfully Higher

Posted by By 09/07/2021Posted inForex
Gold’s recent move higher is coming under pressure and the near-term outlook may turn negative if short-term trend support fails.
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