13 September, 2017 by Aayush Jindal in Market Analysis
The New Zealand Dollar is trading with a positive bias, but faces a major resistance near 0.7320 against the US Dollar.
There are two bearish trend lines with resistance near 0.7320 formed on the 4-hours chart of NZD/USD.
New Zealand Food Price Index in August 2017 rose 0.6%, compared with the last -0.2%.
The US Producer Price Index for August 2017 ...
16 January, 2017 by Aayush Jindal in Market Analysis
The Euro traded higher this past week, but failed to break a major resistance area near 1.0660-1.0670.
There are a couple of connecting resistance trend lines formed on the 4-hours chart of EURUSD, acting as a hurdle near 1.0660-1.0670.
Today in the Euro Zone, the Italian Consumer Price Index will be released by the Istat, which is forecasted to post a...
13 September, 2016 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
NZDUSD - Perfect Example of Double Top Pattern
New Zealand dollar weakened a lot recently against the US Dollar and moved below 0.7400.
There was a double top pattern formed on the hourly chart of the NZDUSD pair, which ignited a downside move.
Today in New Zealand, the Food Price Index (FPI) released by the Statistics New Zealand posted a rise of 1.3...