Archive for Tag: forex market outlook

Dollar Index

Dollar Edges Lower; Powell Testifies on Capitol Hill This Week

Dollar Index is trading down 0.16% at 104.031 The U.S. dollar edged lower in early European trade Tuesday, in line with the wider increase in risk sentiment, but remained elevated with the U.S. Federal Reserve seen retaining an aggressive tightening stance. At 3:15 a.m. ET (0715 GMT), the Dollar...

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USDNOK Technical Analysis

USDNOK Technical Analysis, Forecast and Trade Signals

USDNOK Technical Analysis: Weekly Chart In the weekly charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA. RSI is in buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 9.3790 & the resistance level is...

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NZDCHF Technical Analysis

NZDCHF Technical Analysis, Forecast and Trade Signals

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF is trading in a down channel. NZDCHF is currently trading above 20 days SMA & below 50 and 100 days SMA. RSI is in selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate...

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Canadian dollar

Canadian dollar to strengthen as BoC moves ‘aggressively’ on rate hikes

USDCAD is trading up 0.03% at 1.2572 The Canadian dollar will gain ground over the coming year as high commodity prices bolster Canada’s economic outlook and the Bank of Canada likely continues to raise interest rates aggressively, a Reuters poll showed. The loonie is the only G10 currency to...

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USDNOK Technical Analysis

USDNOK Technical Analysis, Trade Ideas and Trade Signals

USDNOK Technical Analysis: Weekly Chart In the weekly charts, USDNOK is trading in an up channel. USDNOK is currently trading above all SMA. RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness. Its immediate support is 9.3827 & the resistance level...

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NZDCHF Technical Analysis

NZDCHF Technical Analysis, Rate, News and Trading Tips

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF is trading in a down channel. NZDCHF is currently trading below all SMA. RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. Its immediate support is 0.6180 & the resistance level...

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Dollar Index

Dollar edges back towards one-month low

Dollar Index is trading down 0.22% at 101.75 The U.S. dollar edged back towards a one-month low on Thursday, as minutes from the Federal Reserve’s May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings. The dollar index,...

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EURNOK Technical Analysis

Get Currency Pair EURNOK Technical Analysis Chart and Market Updates

EURNOK Technical Analysis: Weekly Chart In the weekly charts, EURNOK was trading in a down channel. EURNOK is currently trading above all SMA. RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness. Its immediate support is 10.2136 & the resistance level...

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