In the previous AUD/USD weekly forecast, we noted a bearish week. The middle bollinger band functioned as a support and capped the downside price action. A break below 0.68 would provide a better validation of further bearish momentum. The middle bollinger band would likely continue to function as a support. […]
Forex Forecasts
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Get the latest technical and fundamental overview for the EUR/USD. We review the 15 mins, hourly, 4 hourly and daily charts.
Correlation is a measure of how two financial assets move in relationship with each other. It ranges from being a 100% positive correlation, which means both financial assets move in unison or a 100% negative correlation which means both financial assets move in exact opposites. In forex, we can seek […]
In the previous AUD/USD weekly forecast, we noted a bearish week. As expected, the exertion of pull back by the upper bollinger band combined with the resistance at 0.7 limited the price action. Continued bearish pressure would see the currency pair face off against the supports at 0.69, the middle […]
Get the latest technical and fundamental overview for the EUR/USD. We review the 15 mins, hourly, 4 hourly and daily charts.
In the previous AUD/USD weekly forecast, we noted a climb towards the strong sentiment and technical region of 0.7. We were commenting on the possibility of a technical squeeze for a while now and hence congratulations to all readers who were positioned to take advantage of the situation. The currency […]