Looking to master the fast-paced world of forex trading? Discover the ins and outs of scalping, a strategy for those who thrive on speed and precision. Uncover the tools, techniques, and tips to maximize your trading potential. Dive into the article to elevate your trading game!
Global markets showed mixed moves as U.S. tech stocks climbed ahead of key inflation data and Fed decisions. Meanwhile, the dollar strengthened while euro and yen weakened amid fiscal and political uncertainties in Europe and Japan. Investors brace for monetary policy signals and economic updates. Read more in Stephen Culp’s original article for Reuters via TradingView.
USD/JPY hits a two-month high near 111.55 amid political uncertainty in Japan, a rebound in U.S. Treasury yields, and strong dollar momentum. Diverging Fed and BoJ policies, plus easing safe-haven demand, continue to support the pair’s bullish trend. Watch resistance at 112.50–113.00. #Forex #USDJPY #CurrencyMarkets
USD/CAD is gearing up to test its historical resistance near 1.3740 amid shifting market dynamics. Strong U.S. dollar momentum fueled by Fed hawkishness contrasts with oil-driven CAD pressures. A decisive breakout could target 1.3800+, while failure may prompt a short-term pullback. Traders should watch economic data and central bank cues closely.
AUD/USD continues to show persistent positive momentum, buoyed by strong commodity exports and steady RBA guidance. Technicals highlight key support near 0.6500 and resistance at 0.6600, with bullish trends intact. Market watchers await potential breakouts amid mixed US economic signals. #ForexAnalysis #AUDUSD
GBP/USD is showing renewed strength as it gathers momentum above key support levels. Improved UK inflation data and easing Fed rate hike expectations are fueling bullish sentiment. Watch for a potential breakout above 1.2740 as technical indicators signal further upside.
USD/JPY has surged past the pivotal 150 level amid rising US Treasury yields and persistent Fed hawkishness. Key resistance zones near 150.30 and 152.15 will test bullish momentum, while support around 149.50 and 148.20 offers potential entry points. Market eyes focus on possible Bank of Japan intervention as technical strength meets macro challenges.
USD/JPY shows renewed bullish momentum after a minor correction, holding above key EMAs and staying within an ascending channel. Short-term targets near 150.60 and medium-term support at 147.30 are critical to watch. Further gains possible if momentum persists. #Forex #USDJPY
USD/CAD is approaching a crucial resistance level near 1.3745 after showing steady bullish momentum. A decisive break could trigger a rally towards 1.3850 and beyond, while failure to break may lead to a pullback. Traders should monitor technical signals and key economic factors shaping the pair’s trajectory. #Forex #USDCAD #TradingAnalysis
AUD/USD is showing strong positive pressure as technical indicators signal potential upside. Key resistance at 0.6700 could unlock further gains, supported by resilient Australian economic data and cautious Fed policy. Market watchers should monitor breakouts and support near 0.6600 for clues on next directional moves.
