#fxanalysis

EURUSD – How low can we go…..

Afternoon Traders, I’ve taken a screenshot of the EURUSD on a weekly timeframe. We have witnessed a real increase in the sell-off this year. Price has not traded below the support level lows we had in 2020. Last week’s candle close created a DOJI candlestick pattern. Last week was the 1st week of a new […]

Forex Analysis Friday 6th May 2022

Good Morning,   Well, the end of another week. A week filled with loads of economic events. We started off the week with the RBA raising their Cash Rate from 0.10% to 0.35%. That was followed the following day by the US FED raising their Federal Funds Rate from 0.50% to 1%. And yesterday, Thursday […]

Forex Market Update Tuesday 12th October 2021

Morning Traders,   This morning, UK data output stats clearly show a mixed bag. Average earnings increased and so too did Unemployment, which decreased as required. HOWEVER, Claimant Count shows that the uptake of available jobs was not happening. We have seen this type of breakdown across the globe. Jobs are available, HOWEVER, those jobs […]