Home Archive by category Forex (Page 64)
Forex

Dollar Rebounds Broadly as Investor Sentiment Turns

Dollar rebounds broadly today as investors turn cautious since European session. Fear of a second wave of coronavirus pandemic is cited by some as a reason for mild risk aversion. US-China tension is another factor named. For now, Swiss Franc is following as the second strongest, then Euro. On the other hand, New Zealand and […]
Forex

AUDUSD Retreats after Fflirting with 7-Week Peak

AUDUSD penetrated to the downside the short-term rising trend line in the previous days, but advanced to meet it again before the bearish movement today. A trading range has been created after the touch again on the seven-week high of 0.6570 with lower boundary the 0.6378 barrier. The price is flirting with the 20-period simple […]
Forex

NZDJPY struggles to gain ground past upper band of cloud

NZDJPY appears to have somewhat adopted a horizontal demeanour, something also reflected within the unclear Ichimoku lines. As positive momentum is barely present, price is finding difficulty in moving above the Ichimoku cloud’s upper band. Turning to the short-term oscillators, they too paint a picture of weak momentum. The MACD is marginally below its zero […]
Forex

EUR/GBP Weekly Outlook

EUR/GBP stayed in consolidation from 0.8672 last week and outlook is unchanged. Initial bias remains neutral this week for more sideway trading. On the upside, break of 0.8863 will confirm short term bottoming at 0.8670. Further rise should be seen to 38.2% retracement of 0.9499 to 0.8670 at 0.8987. On the downside, however, break of […]
Forex

EUR/JPY Weekly Outlook

EUR/JPY’s down trend resumed last week and hit as low as 114.42. As a temporary low was formed, initial bias stays neutral this week first. Some consolidations might be seen but upside should be limited well below 117.77 resistance to bring another decline. On the downside, break of 114.42 should target 161.8% projection of 122.87 […]
Forex

GBP/JPY Weekly Outlook

GBP/JPY dropped to 130.64 last week but couldn’t sustain below 131.90 resistance and recovered. Initial bias is neutral this week first and outlook is a bit mixed. Though, another fall is in favor as long as 133.17 minor resistance holds. Below 130.64 will target a test on 123.94 low. Nevertheless, break of 130.64 will turn […]
Forex

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.4173 last week but failed to break through 1.4265 resistance and retreated. Initial bias remains neutral this week first. Correction from 1.4667 is still in progress and deeper fall could be seen. But downside should be contained 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, […]
Forex

AUD/USD Weekly Outlook

AUD/USD drew support from 55 day EMA and rebounded last week. The development argues that rise from 0.5506 isn’t finished. But as upside is limited below 0.6569, initial bias remains neutral this week first. On the upside, above 0.6569 will target 0.6670 key resistance. On the downside, break of 0.6372 support should confirm short term […]
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