NZD/USD – New Zealand Dollar Sellers In Driver’s Seat Vs USD

Key Highlights The New Zealand Dollar made a downside move from the 0.7200 swing high against the US Dollar. There is a major bearish trend line forming with resistance at 0.6900-0.6920 on the 4-hours chart of NZD/USD. New Zealand’s Employment Change in Q3 2017 was 2.2%, compared with the forecast of 0.8%. Today in the US, the Fed Interest rate decision is sched...
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EUR/JPY – Euro To Japanese Yen’s Long Term View

Key Highlights The Euro is in a solid uptrend from the 115.00 swing low against the Japanese Yen, but facing hurdles near 134.50. There was a break above a monster bearish trend line at 120.00 on the weekly chart of EUR/JPY. Recently, the Germany’s consumer price index preliminary reading for Oct 2017 came in at 1.6% (YoY), less than the forecast of +1.7%. Today...
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EUR/USD – Euro Breaks Key Support Vs US Dollar

Key Highlights The Euro moved down sharply this past week and traded below 1.1700 against the US Dollar. There was a break below a crucial triangle support at 1.1735 on the 4-hours chart of EUR/USD. The US Gross Domestic Product (Q3 2017) (Annualized) (Prelim) posted a growth of 3%, more than the forecast of 2.5%. Today, the Euro Zone Economic Confidence for Oct 2...
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USD/JPY – Dollar Remains Supported Vs Yen Ahead of US GDP

Key Highlights The US Dollar is placed nicely above the 113.20 support area against the Japanese Yen. There is a crucial bullish trend line forming with support at 113.50 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 21, 2017 posted a rise from the last revised reading of 223K to 233K. Japan’s National Consumer Price Inde...
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USD/CHF – US Dollar In Monstrous Uptrend Vs Swiss Franc

Key Highlights The US Dollar climbed higher this week and moved above 0.9840 against the Swiss Franc. There is a short-term bullish trend line forming with support at 0.9880 on the 4-hours chart of USD/CHF. The US New Home Sales in Sep 2017 increased by 18.9% (MoM), better than the forecast of -0.9%. Today, the US Pending Home Sales for Sep 2017 will be released, ...
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Gold Price Upsides Remain Limited Above $1295 Vs US Dollar

Key Highlights Gold price struggled to settle above $1300 against the US Dollar and moved down. There is a major bullish trend line forming with support at $1270 on the daily chart of XAU/USD. The US Manufacturing PMI in Oct 2017 (Prelim) posted a rise from the last reading of 53.1 to 54.5. Today, the US New Home Sales for Sep 2017 will be released, which is forec...
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AUD/USD – Aussie Dollar Poised For Further Losses Vs US Dollar

Key Highlights The Aussie Dollar made a short-term top near 0.7900 against the US Dollar and moved down. There was a break below an important bullish trend line at 0.7850 on the 4-hours chart of AUD/USD. Recently in the US, the Chicago Fed National Activity Index for Sep 2017 posted a rise from -0.37 (revised) to 0.17. Today, the US Manufacturing PMI for Oct 2017 ...
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EUR/USD – Can Euro Hold This Vs US Dollar?

Key Highlights The Euro failed near the 1.1860 level this past week against the US Dollar and moved down. There are two bearish trend lines formed with resistance near 1.1850 on the 4-hours chart of EUR/USD. The US Existing Home Sales released this past Friday posted a rise of 0.7% in Sep 2017 (MoM). Today, the Euro Zone’s Consumer Confidence for Oct 2017 (Preli...
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USD/JPY – US Dollar Eyeing Upside Break Vs Japanese Yen

Key Highlights The US Dollar is trading higher and approaching a major resistance at 113.40 against the Japanese Yen. There are two bullish trend lines formed with support at 112.70 and 111.80 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Oct 14, 2017 posted a decline from the last revised reading of 244K to 222K. Today in Cana...
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NZD/USD – New Zealand Dollar Trend Overwhelmingly Negative

Key Highlights The New Zealand Dollar corrected towards 0.7200 against the US Dollar where it found sellers. A connecting bearish trend line with current resistance at 0.7160 on the 4-hours chart of NZD/USD is preventing an upside break. The US Building Permits in Sep 2017 posted a 4.5% decline, compared with the -2.9% forecast. Today in the US, the Initial Jobles...
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