News
Technical & Trade View NZDUSD Bias: Bullish Above Bearish below .6000 .6164 Target Achieved, New Pattern Emerging Technicals Primary support is at .6000 Primary pattern objective is .6240 Daily HVN Acceptance above .6165 next pattern confirmation Failure below .6000 opens a test of .5900 20 Day VWAP bullish , 5 Day VWAP bullish Institutional Insights […]
The euro and pound sterling pare down the intraday decline that took place during the Asian session as risk appetite remains high while the dollar repositioning continues. EURUSD consolidates around 1.03, GBPUSD trades slightly below 1.18 level. Data on industrial production in the EU for October added optimism; growth in annual terms amounted to 4.9% […]
Equities Bounce Back As USD Fall Continues on Dovish Fed Commentary Global equities benchmarks have seen a broadly positive start to the week. On the back of the gains we saw last week, linked to a softer-than-forecast US inflation report, equities traders are looking to extend the rally this week. While yesterday saw some intra-day […]
Paris vs London Rivalry between London and Paris traders undoubtedly increased this week amidst news that the Paris stock exchange overtook London in value for the first time since record started in 2003. According to Bloomberg, the Paris stock exchange is now worth roughly EUR 2.823 trillion, while the London stock exchange is worth EUR […]
AUDUSD, “Australian Dollar vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates an uptrend. The RSI is nearing the overbought area. We should expect rising over 7/8 (0.6713) and growth to the resistance level of 8/8 (0.6835). The scenario can be cancelled by a breakaway of the support level […]
• USDCHF reversed up from support level 0.9380 • Likely to rise to resistance level 0.9485 USDCHF recently reversed up from the support level 0.9380 (former multi-month low from the start of August) standing below the lower daily Bollinger Band. The upward reversal from the support level 0.9380 stopped the earlier short-term impulse wave (iii) […]