08 August, 2019 by Aayush Jindal in Market Analysis
The New Zealand Dollar declined heavily below
the 0.6500 support against the US Dollar. Two bearish trend lines are forming with
resistance near 0.6535 on the 4-hours chart of NZD/USD.The Reserve Bank of New Zealand reduced the
official cash rate (OCR) from 1.5% to 1.0%.The US Initial Jobless Claims for the week
ending August 03, 2019 might remain stable at 2...
10 November, 2016 by Aayush Jindal in Fundamental Analysis, Market Analysis, NZDUSD, Technical Analysis
NZDUSD – Can New Zealand Dollar Retain Traction Post RBNZ
The New Zealand dollar after climbing a few pips above the 0.7400 level against the US Dollar failed.
The NZDUSD pair is supported on the downside as long as the 0.7250 level is intact.
Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand, and the central ba...
11 August, 2016 by Aayush Jindal in Gold, Market Analysis, Technical Analysis
GOLD At Clear Risk of Further Upsides
Gold price rallied recently against the US dollar and traded above the $1340 level.
There is a monster bearish trend on the 4-hours chart of GOLD, waiting to act as a barrier for buyers.
Today in the US, the Initial Jobless Claims figure will be reported by the US Department of Labor.
The market is expecting a ...
28 January, 2016 by Aayush Jindal in Market Analysis, NZDUSD, Technical Analysis
NZDUSD Lower Post RBNZ Rate Decision
New Zealand Dollar moved lower after the RBNZ announced the interest rates.
NZDUSD pair broke a major support trend line on the hourly chart, which is now acting as a resistance.
Today, the RBNZ Interest Rate Decision was announced by the Reserve Bank of New Zealand in which the central bank k...