New Zealand Dollar Extends Losses
The New Zealand dollar is in negative territory for a second straight day. In the European session, NZD/USD is trading at 0.6778, down 0.23% on the day. Soft manufacturing data weighs on NZD This week’s New Zealand manufacturing data pointed...
Stocks making the biggest moves premarket: Chewy, Lululemon, Beyond Meat, Peloton & more
Check out the companies making headlines before the bell: Chewy (CHWY) – The online pet products retailer’s stock tumbled 10% in the premarket after it reported a wider-than-expected quarterly loss. Sales were in line with Street forecasts, but profit was impacted...
GOLD Continues To Decline
In general, since mid-Thursday, the price for gold has been fluctuating between round price levels. Namely, the 1,780.00 mark acted as resistance and the 1,775.00 and 1,770.00 are acting as support. It can be expected that the bullion continues to...
USD/JPY Surges On Friday
The 200-hour simple moving average has provided enough support for a surge to start. Namely, the rate is once again approaching the resistance zone at 113.88/113.97. A passing of the high level zone at 113.88/113.97 might result in a surge...
GBP/USD Situation Is Unchanged
The situation on the GBP/USD chart has remained unchanged. The pair remains between the resistance of the 50 and 100-hour simple moving averages near 1.3210 and 1.3230 and the weekly S1 simple pivot point at 1.3167. The GBP/USD rate would...
EUR/USD Continues To Decline
The EUR/USD passed the support of the 50, 100 and 200-hour simple moving averages on Thursday. By the middle of Friday’s trading, the pair had reached below 1.1270. A continuation of the decline might find support in the weekly S1...
NZD/USD: Bears Are Moving The Price Towards The First Target
NZD/USD technical analysis Bearish configuration. Downtrend continues. M L3 is the first target. NZD is weak. Swing low. Higher low. Swing high. Entry zone. Final target. The NZD/USD is bearish. We can see a strong downtrend in progress. This is...
GBPJPY Broader Uptrend Defended By Support Base
GBPJPY has once again found its feet around the critical 148.51-149.41 support base after a six-week decline from the more than 5-year high of 158.20. The steadier simple moving averages (SMAs) are endorsing a more sideways market in the near-term....
USD/CAD Reaches Resistance Zone
The recovery of the US Dollar against the Canadian Dollar has reached a resistance zone. Namely, the previous low level zone at 1.2713/1.2730 kept the pair down from Thursday evening up to the middle of Friday. A move above the...
GBP/JPY Reveals Triangle Pattern
On Friday morning, the GBP/JPY pair passed the resistance of the 50-hour SMA and the weekly simple pivot point near 150.00. However, the surge stopped. After a review, it was discovered that the this week’s high and low levels can...
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