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Forex Setup of the Week: USD/JPY’s Consolidation Ahead Of The FOMC Decision
USD/JPY is consolidating juuust under its 2023 highs ahead of this week’s FOMC event!
Will we see a breakout in the next few days?
Let’s take a look at the 4-hour time frame:
USD/JPY 4-hour Forex Chart by TV
As you can see, USD/JPY is…
XAU/USD approaches $1,970 amid a sell-off in USD Index, US CPI and Fed policy eyed
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Gold price is approaching the $1,970.00 resistance as the USD Index has resumed its downside…
Markets Back Aussie Dollar Ahead of US CPI & Fed
AUD/USD ANALYSIS & TALKING POINTSUSD on offer as Fed rate pause remains market consensus.All eyes shift to US CPI tomorrow.Still room for AUD to appreciate against the greenback.
Recommended by Warren Venketas…
Daily Forex News and Watchlist: EUR/USD
The dollar seems to be pulling up early this week, as markets gear up for the U.S. CPI and FOMC decision.
Can the U.S. currency hold on to its gains against the euro?
Before moving on, ICYMI, I’ve listed the potential economic catalysts…
Oil bears approach $68.30 support within six-week-old triangle
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WTI takes offers to refresh intraday low, down for the third consecutive day in a row.
Fears of…
How to Trade Double Tops and Double Bottoms Using Supply and Demand Zones
When it comes to trading, many new traders make the mistake of overcomplicating their trading plans. Many traders would be quickly attracted to any new thing that glimmers, whether it is a technical indicator, a!-->!-->…
Prepares for a fresh rally above 1.3360 ahead of US CPI and Fed policy
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USD/CAD is gathering strength for a fresh upside move above 1.3360 as the focus shifts to US CPI and…
GBP/USD retreat from the highest level in a month
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GBP/USD Price Analysis: Cable buyers run out of steam below 1.2600, UK employment, US inflation eyed…
XAG/USD slides back closer to 38.2% Fibo., around $24.00 mark
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Silver retreats further from a nearly one-month high touched on Friday.
The technical setup…
Rising wedge lures Euro bears as Fed, ECB decisions loom, 1.0720 eyed
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EUR/USD grinds lower within bearish chart formation ahead of US inflation, Fed and ECB…