23 July, 2019 by Aayush Jindal in Market Analysis
The British Pound struggled to gain momentum
above 1.2550 against the US Dollar. GBP/USD is struggling to trade above a key bearish
trend line near 1.2515 on the 4-hours.The Chicago Fed National Activity Index (CFNAI)
increased from -0.03 to -0.02 in June 2019.The US Housing Price Index in May 2019 could
rise 0.3% (MoM), less than the last +0.4%.
22 July, 2019 by Aayush Jindal in Market Analysis
The Euro failed to break the key 1.1280
resistance and declined against the US Dollar. A major bearish trend line is forming with
resistance near 1.1280 on the 4-hours of EUR/USD.The Michigan Consumer Sentiment Index in July
2019 (Prelim) increased from 98.2 to 98.4.The Chicago Fed National Activity Index in June
2019 might increase from -0.05 to 0.10.
22 November, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, NZDUSD, Technical Analysis
NZDUSD – New Zealand Dollar Faces Tough Task Ahead
The New Zealand Dollar traded lower recently below 0.7100 against the US Dollar, and remained under a bearish pressure.
There is a bearish trend line on the 4-hours chart of NZDUSD, which may act as a hurdle for the pair near 0.7060-80.
There is also a strong resistance near the same levels, waiting...
21 November, 2016 by Aayush Jindal in EURUSD, Fundamental Analysis, Market Analysis, Technical Analysis
EURUSD – Euro Remain at Risk of Further Declines
The Euro continued to face sellers against the US Dollar, as EURUSD declined below 1.0650.
There was a crucial break noted for the EURUSD pair on the 4-hours chart, suggesting more losses.
Today, the US will witness the release of the Chicago Fed National Activity Index (CFNAI).
Earlier today, the ...