USD/CAD Analysis 23/04: Dollar Price – US Dollar Attempts t dailyforex.com
Short-term pullbacks continue to be what I look for in this market, as the interest rates continue to favor America.
Short-term pullbacks continue to be what I look for in this market, as the interest rates continue to favor America.
The Overbalance analysis aims to identify three financial instruments, analyzed primarily on the daily/four-hour (D1/H4) timeframe. The analysis uses only the Overbalance methodolo…
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann see EUR/USD biased lower in the near term after breaking below 1.1720, but doubts a move to major support at 1.1665 today. For the coming weeks, they expect range trading between 1.1665 and 1.1795.
The dollar gained over 2.5% against major currencies following geopolitical disruption in late February. Read more here.
GBP/USD trades around 1.3500 on Thursday, virtually unchanged on the day, after recovering earlier losses following the release of stronger-than-expected UK activity data.
EUR/USD has declined steadily, falling to 1.1688 on Thursday. The US dollar has returned to ten-day highs amid a lack of progress in US-Iran peace talks, boosting demand for the currency as a safe-haven asset.
Anticipated selling interest has reached congestion support at 1.1700
GBP/USD remains subdued for the third successive day, trading around 1.3500 during the Asian hours on Thursday. The technical analysis of the daily chart indicates a potential for bearish reversal as the pair moves below the ascending channel pattern.
Commerzbank’s Antje Praefcke expects EUR/USD to remain in sideways trading as multiple uncertainties limit conviction in either direction for the Dollar. She highlights the Middle East war, the unclear path for the next Fed Chair and policy, and possible delays to Warsh’s confirmation.
INTERMARKET ROTATION DASHBOARD + BTC INFLOW / OUTFLOW MONITOR
How to Use Both Indicators Together
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OVERVIEW
These two indicators are designed to work as a pair. One reads the macro environment — where big money is rotating across asset classes globally. The other reads the crypto-specific flow — whether money is actually arriving in or leaving Bitcoin. Used together they give you a two-layer confirmation system that separates genuine moves from noise.
The core principle: the macro …
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