NZDUSD – Can New Zealand Dollar Declining Streak Come To End?

Key Highlights The New Zealand dollar started a nasty decline after a failure to break the 0.7080 resistance against the US Dollar. There is a monster descending channel pattern with current resistance at 0.6970 formed on the 4-hours chart of NZDUSD. In New Zealand, the Electronic Card Retail Sales for March 2017 (MoM) reported by Statistics New Zealand posted a decl...
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EURUSD – Can Euro Recover Vs US Dollar Above 1.0650?

Key Highlights The Euro failed to hold gains this past week against the US Dollar and moved below 1.0650. There is a crucial resistance near 1.0850, which held the upside move in EURUSD. This past week’s nonfarm payrolls release in the US for March 2017 by the US Department of Labor posted 98K, which was less than the forecast of 180K. The US unemployment rate d...
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GBPUSD – 1.24000 Holds Key For Pound To Dollar With NFP Ahead

Key Highlights The British Pound failure to remain above 1.2600 against the US Dollar ignited a downside move. There is an important bullish trend line with support at 1.2420 formed on the 4-hour chart of GBPUSD. Today, the US nonfarm payrolls for March 2017 will be released by the US Department of Labor, which is forecasted to post an increase of 180K. Today, the...
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Can Gold Price Maintain Bullish Bias Vs US Dollar?

Key Highlights There was a rise in Gold price towards $1260 against the US Dollar, suggesting positive signs. There is a nice bullish trend line with support at $1246 formed on the hourly chart of XAU/USD. This week’s NFP release on Friday may impact Gold price for a push either above $1260 or below $1240. Today, the US Initial Jobless Claims (March 31 week) wil...
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GBPJPY – British Pound Trend Overwhelmingly Negative Vs Yen

Key Highlights The British Pound declined heavily from the 140.10 high against the Japanese Yen. There are two bearish trend lines with resistance 140 formed on the 4-hours chart of GBPJPY. Today, the UK British Retail Consortium (BRC) Shop Price Index released for March 2017 posted a decline of 0.8%. Today, the Japanese Services Purchasing Managers Index (PMI) f...
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EURJPY – Euro Trend Overwhelmingly Negative Vs Japanese Yen

Key Highlights The Euro is in a slow and steady downtrend against the Japanese yen with resistance at 119.60. There is a crucial bearish trend line with resistance 119.50 formed on the 4-hours chart of EURJPY. Today, the Euro Zone Retail Sales figure for Feb 2017 (MoM) will be released by the Eurostat, which is forecasted to increase by 0.5%. Today, the Japanese M...
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EURUSD – Euro Upside Streak Likely Over Vs US Dollar

Key Highlights The Euro after failing to settle above 1.0900 started a sharp downside move against the US Dollar. The EURUSD pair broke a major bullish trend line with support at 1.0808 on the 4-hours chart. Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) for March 2017 will be released by the Markit Economics, which is forecasted to remain at 56.2...
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NZDUSD – Can New Zealand Dollar Hold 100 SMA Vs USD?

Key Highlights The New Zealand Dollar recovered well from 0.6880 against the US Dollar, and now facing resistance near 0.7080. The NZDUSD pair recently failed to break a bearish trend line with resistance at 0.7060 on the 4-hours chart. The New Zealand Building Permits for Feb 2017 (MoM) released by the Statistics New Zealand posted a rise of 14%. Today, the US Pe...
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AUDUSD – Aussie Dollar Recovery Won’t Be Easy Vs US Dollar

Key Highlights The Aussie Dollar after failing once again near 0.7740-50 against the US Dollar, dropped sharply. The AUDUSD pair broke a bullish trend line with support at 0.7650 on the 4-hours chart. The Australian HIA New Home Sales for Feb 2017 (MoM) released by the Housing Industry Association posted a rise of 0.2%. Today, the US Gross Domestic Product for Q4 ...
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USDJPY – US Dollar Still In Trouble versus Japanese Yen

Key Highlights The US Dollar fell further against the Japanese yen, and moved below the 111.00 level. There are a couple of bearish trend lines with resistances at 111.10 and 111.30 formed on the hourly chart of USDJPY. The Japanese Retail Trade for Feb 2017 (YoY) released by the Ministry of Economy, Trade and Industry posted a rise of 0.1%. The Japanese Large Ret...
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