Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
USD/JPY: bullish "Harami"
There’s a bullish “Doji”, but a confirmation of this pattern is a quite weak. So, the pair is likely going to test the nearest resistance, which could be a departure point for another decline.
The last bullish “Harami” doesn’t have a strong confirmation. In this case, the market is likely going to reach the closest resistance during the day. If a pullback from this level happens, bears will probably try to deliver a new local low.
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