Tag Archives: fomc minutes

The technical outlook remains unchanged, with the USD/CAD pair continuing to trade in a sideways range as conflicting technical signals persist. Technical Outlook – 4-hour timeframe: The 50-period simple moving average is pressing down on the price from above, creating a resistance level that may limit upward attempts. At the …

The GBP/USD pair is under negative pressure in the morning session as it approaches the psychological resistance level of 1.3500. Technical Outlook – 4-hour timeframe: The pair’s stability below the simple moving average continues to reinforce the possibility of extended downside pressure. However, the Relative Strength Index (RSI) has started …

Gold prices (XAU/USD) posted strong gains in the previous session, achieving the projected technical target at $3,392 and recording a high of $3,393, in line with prior bullish expectations. Technical Outlook – 4-hour timeframe: The metal is trading firmly above the 50-period simple moving average, which continues to support the …

The USD/CAD pair recovered gradually from previous session losses, posting a bullish rebound that lifted the pair to a high of 1.3865. Technical Outlook – 4-hour timeframe: The 50-period simple moving average continues to support the potential for a bullish daily price path, reinforced by the pair’s stability above the …

Negative trading dominated the movements of the GBP/USD pair during the morning session, following its failure to achieve a daily close above the psychological resistance at 1.3500. Technical Outlook – 4-hour timeframe: The pair’s continued stability below the simple moving average strengthens the likelihood of sustained selling pressure, particularly with …

Gold prices (XAU/USD) traded in a narrow, sideways-to-negative range, reaching a low of $3,351 per ounce. Technical Outlook – 4-hour timeframe: Prices remain anchored by strong support at $3,355, which serves as a foundation for stability. The 50-period simple moving average is also acting as additional support, improving the chances …

The USD/CAD pair has been gradually rising, following the expected positive outlook. It touched the first technical station at 1.3920 after reaching its highest level during the current session’s early trading at 1.3915. Technical Outlook – 4-Hour Timeframe The pair successfully broke the resistance level of 1.3880, which has now …

The GBP-USD pair successfully touched its first target of 1.3420 during the previous session, reaching its lowest level during today’s morning session at 1.3393. Technical Outlook – 4-Hour Timeframe The price’s continued stability below the Simple Moving Average increases the likelihood of extended selling pressure, especially with the clear negative …

Gold prices attempted a bullish rebound during the previous trading session, but gains remained limited after they hit the pivotal resistance level of 3355, which successfully curbed the upward momentum and stopped the positive thrust. Technical Outlook – 4-Hour Timeframe Intraday movements are trending downward, retesting the support level of …

The technical outlook remains unchanged, with the upward trend continuing to dominate the movements of the USD/CAD pair. This comes after repeated closes above the pivotal 1.3800 support level, which has reinforced the pair’s positive outlook. Technical Outlook – 4-Hour Timeframe The pair is currently facing a strong resistance level …