Forex Trading - RichDadph

2022-12-12 16:28:03 Attention All Members of RichDadph Trading Community

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https://ibb.co/9cnD2Jb Open / Comment

2022-12-12 12:58:34 EUR/USD Outlook: Upbeat US PPI Weighing on Euro
https://www.forexcrunch.com/eur-usd-outlook-upbeat-us-ppi-weighing-on-euro/

US producer prices (PPI) increased by 0.3% last month, beating forecasts. Markets are awaiting the US inflation report. The ECB is also expected to hike rates by 50bps this week. Today’s EUR/USD outlook is bearish. On Monday, the dollar rose little against the Euro as US producer inflation data for November came in somewhat hotter … Continued (https://www.forexcrunch.com/eur-usd-outlook-upbeat-us-ppi-weighing-on-euro/)
The post EUR/USD Outlook: Upbeat US PPI Weighing on Euro (https://www.forexcrunch.com/eur-usd-outlook-upbeat-us-ppi-weighing-on-euro/) appeared first on Forex Crunch (https://www.forexcrunch.com/). Open / Comment

2022-12-12 12:57:23 USD/JPY Forecast: Japan’s Wholesale Prices Rise to 9.3%
https://www.forexcrunch.com/usd-jpy-forecast-japans-wholesale-prices-rise-to-9-3/

Producer prices in the US increased more than anticipated last month. Japan’s wholesale prices increased by 9.3% from a year earlier in November. The yen-based import price index increased by 28.2% in November. Today’s USD/JPY forecast is bullish. The dollar strengthened on Monday against the yen due to data showing producer prices in the US … Continued (https://www.forexcrunch.com/usd-jpy-forecast-japans-wholesale-prices-rise-to-9-3/)
The post USD/JPY Forecast: Japan’s Wholesale Prices Rise to 9.3% (https://www.forexcrunch.com/usd-jpy-forecast-japans-wholesale-prices-rise-to-9-3/) appeared first on Forex Crunch (https://www.forexcrunch.com/). Open / Comment

2022-12-12 12:56:41 EUR/USD Weekly Forecast: ECB, Fed to Drive Markets
https://www.forexcrunch.com/eur-usd-weekly-forecast-ecb-fed-to-drive-markets/

The US labor market is still showing strength. US producer prices increased somewhat more than anticipated in November. Investors are expecting rate hikes from the ECB and the Fed. The EUR/USD weekly forecast is slightly bearish as data from the US is still pointing to a strong economy. This could affect the Fed’s policy outlook. … Continued (https://www.forexcrunch.com/eur-usd-weekly-forecast-ecb-fed-to-drive-markets/)
The post EUR/USD Weekly Forecast: ECB, Fed to Drive Markets (https://www.forexcrunch.com/eur-usd-weekly-forecast-ecb-fed-to-drive-markets/) appeared first on Forex Crunch (https://www.forexcrunch.com/). Open / Comment

2022-12-12 12:55:23 GBP/USD Weekly Forecast: Consolidation Ahead of CPI/BoE
https://www.forexcrunch.com/gbp-usd-weekly-forecast-consolidation-ahead-of-cpi-boe/

The United States had a small increase in new unemployment benefit claims. In November, US producer prices rose a little more than expected. Markets are awaiting the BoE and Fed meetings. The GBP/USD weekly forecast is flat as investors will likely sit on their hands until inflation data comes out ahead of the central bank … Continued (https://www.forexcrunch.com/gbp-usd-weekly-forecast-consolidation-ahead-of-cpi-boe/)
The post GBP/USD Weekly Forecast: Consolidation Ahead of CPI/BoE (https://www.forexcrunch.com/gbp-usd-weekly-forecast-consolidation-ahead-of-cpi-boe/) appeared first on Forex Crunch (https://www.forexcrunch.com/). Open / Comment

2022-12-12 12:12:31 Dollar edges higher ahead of Fed meeting; U.K. GDP impresses
https://ph.investing.com/news/forex-news/dollar-edges-higher-ahead-of-fed-meeting-uk-gdp-impresses-758582 Open / Comment

2022-12-12 07:52:48 #NZDUSD Intraday: 30MIN Chart

Our preference:
The downside prevails as long as 0.6431 is resistance.

Comment:
The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 0.6402 and 0.6399).

http://www.richdadph.com/p/nzd-usd.html Open / Comment

2022-12-12 07:52:44 #USDJPY Intraday: 30MIN Chart
The upside prevails.

Our preference:
Take BUY positions above 136.30 with targets at 137.20 & 137.50 in extension.

Comment:
Technically the RSI is above its neutrality area at 50.

http://www.richdadph.com/p/usd-jpy.html Open / Comment

2022-12-12 07:34:49 Asia FX sinks as caution over Fed, CPI inflation, boosts dollar
https://ph.investing.com/news/forex-news/asia-fx-sinks-as-caution-over-fed-cpi-inflation-boosts-dollar-758444 Open / Comment

2022-12-12 03:17:08 #GBPUSD Intraday: 30min Chart
the downside prevails

Our preference:
Take SELL positions below 1.2290 with targets at 1.2215 & 1.2180 in extension.

Comment:
The RSI calls for a new downleg.

http://www.richdadph.com/p/gbp-usd.html Open / Comment