NZDJPY reversed from support zone Likely to rise to resistance level 82.30 NZDJPY recently reversed up from the support zone lying between the key support level 80.60 (which has been reversing the pair from May) Read more…
NZDUSD is posting some gains after the selling interest towards the 31-month trough of 0.5530. The technical oscillators are suggesting positive movements in the short-term, as the MACD moved above its trigger line, while the Read more…
USDJPY has been in a prolonged uptrend since early March, crossing above its historical resistance levels and generating consecutive multi-year highs. Moreover, despite the recent consolidation, the positive tone appears to be strengthening in the near Read more…
Gold opened Wednesday’s session gently up after finding fresh buying interest around the 1,660 level. There is a ray of hope that market sentiment may improve as the RSI and the MACD are trying to change Read more…
Stock markets are recovering slightly on Wednesday after another volatile start to the week. It’s clear this week that investors have one eye on the US, with Fed minutes this evening, US inflation data tomorrow Read more…
The current chart of the USDJPY pair shows the formation of a global impulse trend, which consists of cycle waves. In the last section of the chart, we see how confidently it creeps up in Read more…
Markets US (bond) investors returning from a long weekend didn’t help to restore a more constructive narrative on global markets. Eco data were few, with Thursday’s US September CPI release still the first important data Read more…
WTI softens as China ramps up Covid control in major cities. The rally above the psychological level of 90.00 has briefly lifted the optimism. But the origin (93.50) of the late August sell-off is a Read more…
The pound slips as Britain’s pension funds scramble to meet margin calls amid bond firesale. Breaks below 1.1300 and 1.1100 prompted short-term buyers to take profit. As overall sentiment remains downbeat, the lack of support Read more…
The Swiss franc bounced after SNB Chairman Thomas Jordan insisted on pursuing the tightening. Following a break above the double top at 0.9870, a bullish MA cross on the daily chart indicates an acceleration to Read more…