NZDUSD posts an almost 3-month high on Tuesday But the risk of an impending correction increases Oscillators approach overbought conditions NZDUSD has been in an aggressive uptrend following its 2024 bottom of 0.5851 in mid-April. On Tuesday, Read more…
USDJPY heads north with first resistance at 20-day SMA RSI and Stochastics confirm upside movement USDJPY has reversed back up again after the strong rebound off the medium-term uptrend line and the 50-day simple moving Read more…
AUD/USD is correcting gains from the 0.6700 zone. NZD/USD is showing positive signs and might attempt a fresh increase above 0.6200. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started Read more…
Markets The three-day Treasury rally morphed into a four-day advance yesterday. The common theme is some worry on (US) growth momentum. It all started last Thursday with downward revisions to Q1 GDP data (especially consumption). Read more…
Daily Pivots: (S1) 196.55; (P) 198.48; (R1) 199.73; More…. GBP/JPY recovery after diving to 197.18 support, and intraday bias is turned neutral first. Nevertheless, current development suggests that rise from 191.34 has completed at 200.72 Read more…
Daily Pivots: (S1) 167.46; (P) 169.09; (R1) 170.15; More…. EUR/JPY recovers after dipping to 168.01 and intraday bias is turned neutral. Nevertheless, current development suggests that rebound from 164.31 has completed at 170.81. Risk will Read more…
Daily Pivots: (S1) 0.8509; (P) 0.8517; (R1) 0.8527; More…. No change in EUR/GBP’s outlook and intraday bias stays neutral for the moment. Further decline is expected as long as 55 D EMA (now at 0.8549) Read more…
Daily Pivots: (S1) 1.6304; (P) 1.6345; (R1) 1.6401; More…. Range trading continues in EUR/AUD and intraday bias remains neutral for the moment. On the downside, firm break of 1.6211 support will resume the whole decline Read more…
Daily Pivots: (S1) 0.9643; (P) 0.9712; (R1) 0.9754; More…. EUR/CHF’s fall from 0.9928 extended lower last week and touched 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected from this fibonacci level Read more…
Daily Pivots: (S1) 1.3631; (P) 1.3665; (R1) 1.3709; More…. Range trading continues in USD/CAD and intraday bias remains neutral for the moment. On the upside, break of 1.3742 resistance will revive the case that correction Read more…