Forex Charts Technical Analysis after Fed Talks on Federal Fund Rate.
After the Federal Reserve discussions on 18th, All the Pairs what are in the Down trend paused for a while and temporarily changed their direction. Pairs like, EUR/USD. EUR/JPY, GBP/USD, AUD/USD have changed their direction to the North side.
But, we can expect their original direction in a short while. Though, we don’t know, when we see the change, it is better to wait for some time. Until unless we witness the direction change in Daily Time Frame, we should not be hurry to buy those Currency Pairs.
We can see the above Eur/Jpy Forex Currency Pair. For the long time the Pair is moving Down side in 4 Hours Time Frame. After the Federal decision on Interest Rates unchanged, suddenly price moved to the up side for around 300 Pips. After little up and downs, Price stayed up side of the 50 Simple Moving Average in H4.
But, be ready to sell these pairs, when they resume again in down ward movement.
Please wait for the updates…