Market Outlook

AUDUSD Continues to Fall After Failing to Surpass the Daily Resistance The US dollar strengthened as investors awaited the Fed's decision. All are waiting whether the Fed will raise interest rates soon amid rampant inflation problems. On the other hand, Australia, which is also being hit by the Omicron, continues to show a weakening economy and results in a depreciating AUD value. It's no wonder

GBPAUD is indeed in a bullish trend, but it seems difficult to break the daily resistance The increase in GBPAUD is unquestionable. This pair already looks bullish even before the Bank of England (BoE) announced an interest rate hike last December. The policy of the British central bank certainly pushed the GA even higher. But technically, there are signs that GBPAUD is struggling to continue

After hitting TP last week, AUDJPY Again Shows an Opportunity to Sell on Strength "Today is a very difficult day for our state," New South Wales (NSW) Prime Minister Dominic Perrottet said during a news conference on Tuesday (18/01) as the state reported 36 deaths, the highest level of the new pandemic. The case of Australia's Omicron is still rampant, coupled with the consumer confidence index

Closed Bullish for the Last Three Days, Where Will USDCHF Go? The dollar index rebounding from the key level also had an impact on the USDCHF which was bullish for the last three days. The pair shot up after touching the daily support at the 0.91000 area. In general, America is in a state of high inflation, rising 7% over the past year, being the worst since 1982. However, to overcome this, the

EURAUD continues to show strength - but can it break through resistance? The EURAUD pair has surged by over 200 pips since the start of 2022. This is due to Omicron cases and the different ways in which both regions are handling the situation. Some European countries are carrying on business as usual amid the increasing spread of Omicron. Meanwhile, Australia has imposed a lockdown to break the

Everyone's Favorite Pair has Broken Out of the Ranging Area after Poor Inflation Data for the US Last Week. CPI data released last week, on January 12 to be exact, had a significant impact on major pairs. Euro USD is no exception, thanks to the poor CPI data, which became the catalyst until the pair was able to breakout the resistance that has hindered its rise since last November 2021. The

AUDCAD Has Been in a Bearish Trend since the Beginning of the Year after Touching the Long-term Trendline and 200 MA. Falling 250 pips since the start of the year, AUDCAD is clearly in a strong downtrend. The pair continues to show weakness after rejecting the daily trendline for the umpteenth time. All long-term timeframes are aligned indicating a bearish trend for this cross-rate pair. From

AUDJPY is in a Bullish Trend which Seems to be Ending, Will There be a Reversal? The surge in cases of the Omicron virus in Australia may disrupt the rise in AUDJPY. Indeed, the economic situation in both countries, both Australia and Japan, is not doing well. Australia, which is battling Omicron, had to be forced to lock down, destabilizing the economy. Meanwhile, inflation in Japan is also

GBPUSD Skyrocketed Since December, Can the Long-Term Downtrendline Hold It? The British currency, Pound sterling, continues to strengthen amid the strengthening of the American economy which is also strengthening. Where the Fed will soon increase interest rates and the realization of tapering policies. Indeed, even though fundamentally the Fed's policy is very hawkish for the USD, there are

EURCAD Looks Bearish on All Timeframes but Which Support Can Hold It? The strengthening of the Canadian economy cannot be separated from the success of the government in handling the Omicron variant cases. Meanwhile in other parts of the world, in Europe to be precise, several governments in the blue continent countries had to relax their COVID policies when Omicron infected workers in vital