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Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe to Newsletter AUD/USD price action on the longer-term weekly chart now sees AUD bulls retesting the downward trendline resistance level (black) for the fourth time since February 2021. A major area of confluence like this

Ultimately, the dollar’s recent decline has brought it closer to the crucial 141 yen level, attracting significant attention from traders. The integrity of the uptrend line is also under scrutiny. The USD/JPY experienced a decline during Thursday’s trading session, bringing it closer to the critical 141 yen level, which represents a focal point for market

Ultimately, the S&P 500’s recent attempt to rally encountered resistance at the 4,800 level. The S&P 500 index attempted to rally overnight but encountered resistance around the 4,800 level, which represents an all-time high. While this record-breaking level suggests the potential for a breakout, there are also concerns regarding market liquidity. Caution is warranted during

Hey friends, as we prepare for the new month, and the new year, here are some of my anticipated trade ideas for January. Do note, however, that these are long-term views and would therefore require patience as they unfold. EURUSD – W1 Timeframe EURUSD on the Weekly timeframe has reached a supply zone, and price

Cryptocurrencies endured significant losses in 2022 which forced certain cryptos to lose around 80% of the market capitalization, with Ethereum falling from below $5,000. But, this year has been positive for digital currencies, with ETH/USD achieving higher highs, indicating that the trend has been bullish throughout this year. Source link

The Japanese yen is slightly lower on Friday. In the European session, USD/JPY is trading at 141.75, up 0.27%. The US dollar has taken a tumble in recent weeks against most of the major currencies, including the yen. Since mid-November, the yen has jumped 6.4% against the ailing US dollar. This has relieved pressure on

Chicago PMI expected to decelerate China releases PMIs on Saturday The New Zealand dollar is in negative territory on Friday. In the European session, NZD/USD is trading at 0.6308, down 0.37%. The US dollar has hit a rough patch lately and retreated against most of the majors. The New Zealand dollar has been full marks,