NZDUSD – New Zealand Dollar Under Heavy Selling Pressure Vs Dollar

NZDUSD – New Zealand Dollar Under Heavy Selling Pressure Vs Dollar Key Highlights The New Zealand dollar was crushed recently against the US Dollar for a move below 0.7000 and 0.6950. There was a critical bullish trend line on the 4-hours chart of NZDUSD, which was broken at 0.7140 to initiate a major downtrend. In New Zealand today, the Trade Balance released by ...
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AUDJPY – Aussie Dollar Establishing Downtrend Vs Japanese Yen

AUDJPY – Aussie Dollar Establishing Downtrend Vs Japanese Yen Key Highlights The Aussie dollar traded sharply lower against the Japanese yen, and broke the 86.00 support. There was a crucial bullish trend line on the 4-hours chart of AUDJPY, which was broken at 85.80 to ignite a downside move. In Australia today, the minutes of the Reserve Bank of Australia meetin...
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EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar

EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar Key Highlights The Euro fell sharply this past week against the US Dollar, and traded as low as 1.0366. There was an important support at 1.0520-00, which was broken by EURUSD to open the doors for more declines. In China today, the hosing price index, released by the National Bureau of Statistics posted...
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GBPUSD – British Pound Looking To Extend Losses Vs Dollar

GBPUSD – British Pound Looking To Extend Losses Vs Dollar Key Highlights The British Pound recently failed to hold the 1.2600 support area against the US Dollar and declined. There was an important bullish trend line formed on the 4-hours chart of GBPUSD, which was broken at 1.2600 to ignite a downside move. In the UK, the BoE Interest Rate Decision was recently a...
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AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike

AUDUSD – Aussie Dollar Breaks Crucial Support Vs Dollar Post Fed Rate Hike Key Highlights The Aussie dollar broke a crucial support area at 0.7450 against the US dollar to ignite a downside move. There was a crucial bullish trend line formed on the 4-hours chart of AUDUSD, which was broken to open the doors for a bearish wave. The Fed interest rate was announced y...
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GBPJPY – More Gains Likely In British Pound Ahead of UK Labor Report

GBPJPY – More Gains Likely In British Pound Ahead of UK Labor Report Key Highlights The British Pound remained in an uptrend against the Japanese yen with support on the downside at 145.30. There is a monster bullish trend line formed on the 4-hours chart of GBPJPY, acting as a bullish trend supporter. Today in the UK, the Claimant Change figure will be released b...
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EURUSD – Can Euro Continue to Hold 1.0500 Support?

EURUSD – Can Euro Continue to Hold 1.0500 Support? Key Highlights The Euro found support on the downside around 1.0500 on 3-4 occasions against the US Dollar. The daily chart of the EURUSD pair clearly suggests that the highlighted support is very important for EURUSD. Today in China, Industrial output released by the National Bureau of Statistics of China posted ...
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Gold Price Daily Chart Suggest Support Formation

Gold Price Daily Chart Suggest Support Formation Key Highlights There was a solid decline in Gold price against the US Dollar, taking it below the $1200 support area. The price recently traded a few points below the $1160 level before starting a consolidation. Today in China, the Consumer Price Index released by the National Bureau of Statistics of China posted a ri...
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USDJPY – US Dollar Primed For Lift-Off Vs Japanese Yen

USDJPY - US Dollar Primed For Lift-Off Vs Japanese Yen Key Highlights The US Dollar traded higher against the Japanese yen, and remained above the 113.50 support. There is a monster bullish trend line formed on the 4-hours chart of USDJPY, which acted as a support on many occasions. Today in Japan, the Gross Domestic Product released by the Cabinet Office posted a r...
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NZDUSD – Can Kiwi Dollar Surpass 0.7160 Resistance Vs USD?

NZDUSD – Can Kiwi Dollar Surpass 0.7160 Resistance Vs USD? Key Highlights The New Zealand Dollar managed to stay in an uptrend against the US Dollar with support at 0.7080. There is a crucial bullish trend line formed on the 4-hours chart of NZDUSD, which may act as a support if the pair moves down. The pair is well above the 100 simple moving average on the same ...
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