![]() ![]() It’s positioned as an automated currency broker. Used by traders in more than 180 countries and fully regulated, ForexTime's FXTM software is a reliable platform for foreign exchange trading. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.When choosing any financial management platform, it’s important to look for trustworthy providers. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. We work hard to offer you valuable information about all of the brokers that we review. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Currency trading on margin involves high risk, and is not suitable for all investors. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. Ready to trade our free Forex signals? Here are the best forex platform Australia to choose from. If this happens, the pair will likely retest the important resistance point at 0.6750 and then resume the downward trend. Therefore, while the pair has more downside in the near term, there is a possibility that it will have a dead cat bounce as some traders buy the dip. The Relative Strength Index (RSI) and the Stochastic Oscillators have moved to oversold levels. ![]() Further, the pair has moved below the Ichimoku cloud. The 25-period and 50-period moving averages made a bearish crossover. As it dropped, the pair moved below the important support level at 0.6817, the highest point on May 10th. The Australian dollar tumbled hard against the US dollar. While these tensions have faded, there are still some substantial risks that could push commodity prices higher. The AUD/USD pair will also react to the unfolding events in Russia, where a rebellion emerged during the weekend. Last week, the US released strong existing home sales, building permits, and housing starts numbers. Economists expect these numbers to show that sales held quite well during the month. The US will also publish the latest new home sales numbers. This is an important number since consumer spending is the biggest part of America’s economy. The ones to watch will be the upcoming US consumer confidence data scheduled for Tuesday. The economic calendar will have no major events this week. He believes that the battle against inflation is yet to be won. In his testimony to Congress last week, Jerome Powell pointed to two more rate hikes this year. It then hinted that it will resume hiking rates in the coming meetings. In it, the Fed decided to leave interest rates unchanged for the first time in months. The other important event was the Fed’s interest rate decision. The headline inflation dropped to a multi-month low of 4.0% in May. For example, the US published encouraged consumer inflation data, which showed that prices were falling. The past two weeks have had a lot of activity in the financial market. It dropped to a low of 0.6678, which was a few points below last week’s high of 0.6915. The Australian dollar retreated on Monday morning as traders brace for a relatively quiet week in the economic calendar. ![]() Set a sell-stop at 0.6670 and a take-profit at 0.6600.Buy the AUD/USD pair and set a take-profit at 0.6750.Read full review Get Started Bullish view ![]()
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