Month: November 2022


30
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Ranging As suggested in our last Forex chart analysis, price has been moving sideways. AUDUSD is clear indecisive and ranging between the horizontal levels at 0.6585 and 0.6780. The moving averages are tight and moving sideways, so …
Here’s what you need to know about what went down this month: FOMC Minutes: Maybe it’s time to slow down At the November 2nd FOMC meeting, members unanimously agreed to raise the Fed Funds rate by 0.75 percentage point to bring the key rate to 3.75%-4.0%. However, in the meeting …
29
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Market indecision As suggested in our previous analysis, the AUDUSD has been moving sideways. Price is indecisive and is lacking trend momentum. The moving averages are crossing frequently and moving sideways, so the market indecision could continue. …
28
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Market indecision As suggested in Friday’s Forex analysis, price is looking indecisive. AUDUSD is lacking trend direction and is ranging between 0.6585-0.6780. The moving averages are tightening and are moving sideways, so the current market indecision may …
25
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Market indecision As suggested in yesterday’s analysis, the AUDUSD has been moving sideways and has found resistance around 0.6780. Price is indecisive and is lacking trend direction. Price action has formed a potential range at 0.6585-0.6780. The …
24
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Market indecision As suggested in our last Forex chart analysis, the USD news brought new direction to this pair. AUDUSD was showing signs of a potential downtrend but recent price action has been bullish. Overall, price is …
23
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Down-trending As suggested in yesterday’s analysis, the AUDUSD has been finding resistance around the longer-term moving average. Price is down-trending and is currently in a retrace move. The moving averages are bearish and steady, so the downtrend …
22
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Down-trending As suggested in our previous Forex chart analysis, price has been bearish. AUDUSD is down-trending and is currently in a short retrace move. The moving averages are bearish and steady, so the downtrend may continue. Higher …
21
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Down-trending? As suggested in Friday’s analysis, the AUDUSD has failed to swing higher – the uptrend is over. Price action has formed a series of lower swing highs and lower swing lows, so price could start down-trending. …
18
Nov
Posted BySamuel Morton Category Daily FX Analysis
Our previous Forex analysis can be viewed here… Technical Analysis FOREX ANALYSIS: AUDUSD – Up-trending. End of the trend? As suggested in our last Forex chart analysis, price reversed around the shorter-term moving average. AUDUSD is up-trending but the current retrace move is below the moving averages, suggesting that upside momentum …