Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
EUR/USD: 89 MA acted as support
There are bullish patterns such a "Tweezers" and a "Hammer", which both have been formed at the last local low. Therefore, the market is likely going to test the nearest resistance area in the short term.
The 89 Moving Average has acted as support, so there's an "Inverted Hammer", which has been confirmed enough. In this case, the pair is likely going to continue moving up in the coming hours.
A local flirting with the resistance or a serious intention to break through? We will examine the price action of GBP against CHF on high timeframes to answer this question.
The bearish bias appears to start losing power. The market reversal upwards is still to be confirmed.
What are the importance of OPEC meetings and their influence on oil prices? This article examines the main factors answering this question.
USD/CHF continues its December descent. The pair’s attempt to return above the 0.9845 area has failed.
The Federal Reserve meeting is today at 21:00 MT time. Analysts widely expect the Fed to keep rates on hold at the 1.5%-2% range