Centfx
The greenback is under intense selling pressure as market speculation that the Federal Reserve (Fed) will reduce interest rates by 50 basis points (bps) on Wednesday soars. The CME FedWatch tool indicates that the probability of the Fed reducing interest rates by 50 bps to 4.75%-5.00% in September has increased sharply to 43% from 14% after the US PPI data release. Thursday's PPI data showed that the producer inflation grew #forexstrategy #forexdaytrading #centfx
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Centfx
The 14-09-2024 GBPUSD forecast update
The GBPUSD price challenged the major support base of 1.3124$ and maintained its stability above it, maintaining the validity of the bullish trend scenario for today, which primarily targets levels of 1.3220$ and 1.3265$. However, as a reminder, breaking and holding below $1.3124$ will halt the positive trend and return the price to the bearish correcting pressure.
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Centfx
The EURUSD price does not continue to rise – Prediction for today, September 9, 2024
The EURUSD price last closed below the 1.1100$ level, succumbing to bearish correctional pressure once more and initially testing the 1.1040$ level. A breach of this level is expected to drive the price towards 1.0990$ and then 1.0940$ levels, which are the next negative objectives. As a result, a bearish bias will be
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Centfx
Corn price climbs further - Today's Forecast: May 09, 2024
The price of corn continued to rise, approaching the 416.30$ level, which is the 38.2% Fibonacci correction level for the slide that began at the 463.30$ levels. It is important to note that if this level is broken, the price will move on to the next correctional level, which is at 42
As of right now, the bullish trend is still predicted to
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Centfx
The price of gold is steady as of today, August 20, 2024.
The price of gold closes above the 2483.40$ mark, continuing the sideways trades of the previous sessions as it waits for positive momentum to help push the price higher and resume the major bullish wave, which is expected to reach the next positive station of $2540.00$.The EMA50 is still in favor of the anticipated bullish trend, pointing out
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Centfx
Analysis of the EUR/USD price: Drops to about 1.0700 before a rebound support
For the second day in a row, the EUR/USD pair continues to decline, closing Wednesday's Asian session at 1.0710. A daily chart's technical analysis points to a negative bias for the pair as it consolidates inside the declining channel. Moreover, the 14-day Relative Strength Index (RSI), a momentum indicator, is positioned
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Centfx
The USDCHF price requires a fresh, upbeat catalyst. Today's forecast is 24-06-2024.
The price of USDCHF hovers above the EMA50 as it waits to build up positive momentum that will let it resume the anticipated bullish trend for the coming time frame, with 0.9014 being the next goal.
As a result, we will keep recommending the bullish trend on an intraday basis and remind you that the price will come
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Centfx
The price of USDCHF is positively stable. Today's forecast is for May 29, 2024.
The price of USDCHF tested the 0.9080 level and then bullishly rebounded from it to move in the direction of the anticipated intraday bullish trend, which targets the 0.9224 level as the next station.
Before starting the anticipated climb again, stochastic current negativity may produce a brief period of sideways volatility.
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Centfx
Updated crude oil price projection for May 25, 2024
The price of crude oil is settling around the 77.00$ barrier as traders wait for fresh negative news to fuel the expected bearish wave for today, which is expected to reach 75.24$ as the next station. It should be noted that the EMA50 is still supporting the expected decline, which will hold unless it breaks through and stays above 77.64$. in the region
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