Good morning! Wish you have a profitable new trading day, continue to comment on the market today, February 21!
This morning the market learned what the Fed wanted to say, under which the Fed would continue to be soft and temporarily unwilling to raise federal interest rates. A notable point in the report is that the Fed acknowledged that the current interest rate is at the lower level of the average level (the margin that the Fed can accept), and also the prospect of economic growth.
In today's session we will have news about ECB policy in the second half of Europe, the US will also publish quite a lot of data on production and the market will have more information about the health of the largest economy. gender.
Now let's see what technical analysis is today!
Preliminary analysis of the gold trend and some currency pairs on the H4 time frame
XAU / USD
Finally, gold has corrected after going up in the Asian session yesterday. Currently prices are stalling at the sensitive area of 1340. You follow the trend so stay out of this time because the daily signal has appeared to sell - this may also be the start of a correction on the big frame, brothers reversal transactions can prepare themselves for a favorable position.
USD / JPY
After BoJ's statement, the Japanese Yen seemed to continue to stand outside the game, the whole trading day yesterday it only fluctuated 40 pips. The view remains unchanged and we will wait to buy when the price reaches the lower support.
EUR / USD
The price has retested the neckline of the reverse head and shoulders pattern and gained quite well before reversing at the end of the session. Currently we still expect prices to move up to the upper boundary of the falling price channel, buy orders can continue to hold and move SL.
GBP / USD
Similar to EURUSD, the Sterling has rebounded quite strongly when retesting the important price zone 1.3, but at the end of the session it reversed. The newly formed uptrend is still intact, if we still cannot enter the order then we should wait to buy at a lower price.
USD / CAD
Price has returned to support after many days of waiting. If we risk a bit, we can enter at the current price, it is safe to wait at a lower price.
AUD / USD
Extremely good job change data helped AUD rebound sharply this morning, this is also our selling zone yesterday. The price has dropped quite sharply from this area, the brother who has not yet entered the order should ignore it because the RR level is no longer beautiful.