NZD/USD Likely To Slide Lower
The New Zealand Dollar surged by 62 basis points or 0.95% against the US Dollar on Monday. The currency pair tested the upper boundary of an ascending channel pattern. Technical indicators suggest buying signals on both the smaller and the...
Currency Pair of the Week: EUR/USD
The EUR/USD has had quite a run over the last few weeks, trading from a low of 1.0800 on May 18th to a high of 1.1385 on Friday. Will this run continue or is it time for a correction? Last...
WTI Oil Outlook: WTI Price Dips after Saudi and Gulf Allies Announced Halt of Voluntary Additional Production Cuts
WTI oil dipped on Monday (down around 3% since Asian opening) on Monday after unsuccessful first attempt through psychological $40 barrier. Oil prices were inflated by the decision of OPEC+ group over the weekend to extend its existing agreement for...
USD/TRY: Caution
Pivot (invalidation): 6.7430 Our preference Long positions above 6.7430 with targets at 6.7840 & 6.8000 in extension. Alternative scenario Below 6.7430 look for further downside with 6.7170 & 6.6930 as targets. – advertisement – Comment Intraday technical indicators are mixed...
GBP Continues to Trend Higher against USD
The US Dollar was bearish against most of its major pairs on Friday with the exception of the CHF, JPY and EUR. On the economic data front, Change in Nonfarm Payrolls jumped to 2,509K on month in May (-7,500K expected),...
GBPUSD Spikes Above 1.2600 But Returns Some Gains
GBPUSD spiked towards a three-month high of 1.2705 but it finished the session below the 1.2645 barrier on Thursday. The upside rally which started after the rebound on the 1.2075 support could take a breather in the near term as...
GBPAUD Bears Take A Breather At The Bottom Of A Tight Channel
GBPAUD strengthened its negative momentum within a narrow descending channel and touched a 1½-year low at 1.8053 this week after tumbling below the 1.8500 mark. With the price currently consolidating near the bottom of the channel, and the RSI and...
USDJPY 110.00 Upcoming
The US dollar has moved to a new monthly trading high against the Japanese yen currency, with the pair advancing towards the 109.50 resistance area. Technical analysis shows that the USDJPY pair could test towards the 110.00 resistance level in...
GBPUSD Strongly Bullish
The British pound has rallied to a new multi-month trading high against the US dollar after buyers broke through the pair’s key 200-day moving average. Due to a large bullish pattern, further gains above the 1.2640 level could cause the...
AUD/USD Outlook: Aussie Cracks Psychological 0.70 Level En-Route To Key Barrier At 0.7032
The Australian dollar cracked psychological 0.70 barrier on Friday, in extension of steep bullish acceleration this week (the pair is on track for weekly gains of nearly 5%). Bulls approach key barrier at 0.7032 (31Dec 2019 high) and break here...
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