BlogHide Resteemsforexanalytics (7)in forex • 5 years agoLarge Bounce In AUD/USD, But Is It Enough?Earlier this week, the Reserve Bank of Australia (RBA) had an emergency monetary policy meeting in which it cut interest rates a record low of 25bps. In addition, the RBA announced the start of its…forexanalytics (7)in forex • 5 years agoKing Dollar Takes A Step BackThe US Dollar Index rallied sharply on Thursday, reaching its highest levels since January of 2017 and heading towards its largest weekly gain since the financial crisis of 2008. The greenback has…forexanalytics (7)in forex • 5 years agoBest Week For U.S. Dollar Since 2008, But Will Rally Last?We have not seen such a strong week for the U.S. dollar since the 2008 global financial crisis. This fact alone explains why the greenback has been performing so well. There’s no doubt that the U.S.…forexanalytics (7)in forex • 5 years agoEUR/USD: Negative DynamicsDespite the aggressive and concerted actions of the world's largest central banks, a turning point on global stock exchanges has not yet occurred. Last Thursday, the two largest world central…forexanalytics (7)in forex • 5 years agoXAU/USD: Elliott Wave Analysis And Forecast For 20/03/2020 – 27/03/2020The pair {XAU/USD is still likely to fall. Estimated pivot point is at a level of 1155.37. Main scenario: short positions will be relevant from corrections below the level of 1155.37 with a target…forexanalytics (7)in forex • 5 years agoDXY: Greenback’s Pullback May Be Short-LivedLike it or not, the U.S. dollar is the world’s reserve currency and therefore, the axis upon which the global financial system turns. As traders try to adjust to the rapidly-changing global health…forexanalytics (7)in forex • 5 years agoGBP/USD: Elliott Wave Analysis And Forecast For 20/03/2020 – 27/03/2020The pair GBP/USD remains likely to fall. Estimated pivot point is at a level of 1.2116. Main scenario: short positions will be relevant from corrections below the level of 1.2116 with a target of…forexanalytics (7)in forex • 5 years agoEUR/USD: Elliott Wave Analysis And Forecast For 13/03/2020 – 20/03/2020The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.0875. Main scenario: short positions should be considered from corrections below the level of 1.0875 with a target…forexanalytics (7)in forex • 5 years agoUSD/CHF: Elliott Wave Analysis And Forecast For 20/03/2020 – 27/03/2020The pair USD/CHF remains likely to fall. Estimated pivot point is at a level of 1.0026. Main scenario: short positions will be relevant below the level of 1.0026 with a target of 0.9167 – 0.9000.…forexanalytics (7)in forex • 5 years agoUSD/CAD: Elliott Wave Analysis And Forecast For 20/03/2020 – 27/03/2020The pair USD/CAD remains likely to grow. Estimated pivot point is at a level of 1.4095. Main scenario: long positions should be considered from corrections above the level of 1.4095 with a target…forexanalytics (7)in forex • 5 years agoWill AUD/JPY Resume Its Downtrend?AUD/JPY has been in a recovery mode since yesterday when it hit support near the round figure of 60.00. At the time of writing, the rate is testing yesterday’s peak at around 65.60, where a break…forexanalytics (7)in forex • 5 years agoMarkets Ending The Week On Better NoteOverview: Dramatic price action continues but in the other direction. Stocks and bonds have rallied strongly, and the U.S. US Dollar Index is snapping a strong advance with a sharp and broad…forexanalytics (7)in forex • 5 years agoEUR, GBP, AUD Falls Lo New Lows On Central Bank EasingGovernments around the world continued to take steps to shield their economies from further weakness but the continued market sell-off is a sign that investors have little faith that these efforts…forexanalytics (7)in forex • 5 years agoChart Of The Day: Dollar Reigns As Markets Crash; But Will It Go Higher?There have been two previous, major financial markets crashes in the past 20 years. During both, the U.S. dollar became the life raft of choice that everyone wanted to cling to. The more recent…forexanalytics (7)in forex • 5 years agoEUR/USD Forex Market Trading Strategies For March 19, 2020EURUSD Chart EURUSD Chart The EUR/USD Forex market has collapsed after a very strong rally on the daily chart. The break below the bottom of February’s strong rally ended the possibility of that…forexanalytics (7)in forex • 5 years agoEM Central Banks Change Their Crisis Playbooks, Despite Currencies DevaluationIn March, cash was the number one choice for both stock players and the public. Demand for the dollar is off the charts from the population, and even more so – from the business. The Fed is…forexanalytics (7)in forex • 5 years agoGBP/JPY Rebounds, But Stays In A DowntrendGBP/JPY traded higher today, after hitting support at 124.00 yesterday. Overall, the price structure remains of lower highs and lower lows below the downtrend line drawn from the high of February…forexanalytics (7)in forex • 5 years agoSignals For Gold And USD/JPYTrading situation for Goldand USD/JPY on 19.03.2020. A few days ago, gold showed a strong collapse. At the moment, the price is approaching strong support lines. Remember that the trend is…forexanalytics (7)in forex • 5 years agoInsatiable Global Appetite For U.S. DollarsThe U.S. dollar is in high demand as markets around the world are sold and investors search for a place to park their money. This pushed the DXY 2.5% higher yesterday, to 101.74. Tuesday's close…forexanalytics (7)in forex • 5 years agoIs U.S. Dollar Catching A Safe Haven Bid?Currencies and equities resumed their slide on Wednesday as Tuesday’s recovery proved to be nothing more than a one-day reprieve. New measures or plans to fight the economic impact of COVID-19 have…