Archive for Tag: forex market outlook

NZDCHF Technical Analysis

Currency Pair NZDCHF Technical Analysis, Price Chart and News

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

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USDJPY

Dollar Edges Lower; G7 Intervention Concerns Mount

USDJPY is trading up 0.30% at 128.182 The U.S. dollar edged lower in early European trade Thursday as the world’s key finance ministers meet, but remains elevated amid expectations for aggressive Federal Reserve monetary tightening. At 3:15 AM ET (0715 GMT), the Dollar Index, which tracks the greenback against...

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GBPCHF Technical Analysis

GBPCHF Technical Analysis

GBPCHF Technical Analysis: Weekly Chart In the weekly charts, GBCHF is trading in a downward channel. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is 1.21018 and the resistance level is at 1.24218 GBPCHF is trading in a downward channel until...

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AUDUSD Future Technical Analysis

AUDUSD Future Technical Analysis & Trade Signal

AUDUSD Technical Analysis: Weekly Chart In the weekly charts, AUDUSD is trading in an upward channel. It is trading above all SMAs: MA (5), MA (20), and MA (50). The immediate support is 0.74592 and the resistance level is at 0.77038 AUDUSD is trading in an upward channel until...

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Dollar Index

Dollar Surges on Aggressive Fed Expectations; Euro Slips

Dollar Index is trading up 0.06% at 99.538 The U.S. dollar strengthened Wednesday on raised expectations of aggressive monetary policy tightening by the Federal Reserve, while the euro was weighed by the prospect of additional sanctions on Russia. At 3 AM ET (0700 GMT), the Dollar Index, which tracks...

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USDCAD Future Technical Analysis

USDCAD Future Technical Analysis & Trade Signal

USDCAD Technical Analysis: Weekly Chart In the weekly charts, USDCAD is trading within a rectangle pattern. It is trading below all SMAs: MA (5), MA (20), and MA (50). The immediate support is 1.22883 and the resistance level is at 1.28888 USDCAD is trading within a rectangle until there...

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EUR/USD

Dollar Stabilizes; Euro Falls as Russia Sanctions Talk Ramps Up

EUR/USD is trading down 0.38% at 1.1005 The U.S. dollar stabilized Monday after last week’s strong jobs report, while the euro weakened as talk of additional sanctions on Russia for its invasion of Ukraine ramped up. Friday’s much anticipated U.S. jobs report for March confirmed a strong economy and...

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U.S. Dollar Index

Dollar Up, Yen Finds Little Support Even in Calmer Bond Market

AUD/USD is trading down 0.12% at 0.7489 The dollar was up on Thursday morning in Asia, finding some support as commodity currencies took a breather from their recent steep rally. However, a struggling Japanese yen from a recovery in the U.S. bond market. The U.S. Dollar Index that tracks...

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Forex Trade Ideas

Dollar gains ground after Powell comments

DOLLAR INDEX is trading up 0.21% at 98.6836 The dollar strengthened against a basket of major currencies on Monday, in the wake of comments from U.S. Federal Reserve Chair Jerome Powell that opened the door for the central bank to take a more aggressive monetary policy path. The greenback...

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US Dollor

Dollar Gains, Euro Struggles to Hold ECB-inspired Gains

GBP/USD is trading up 0.15% at 1.3104 The U.S. dollar edged higher Friday, boosted by strength against the Japanese yen, while the euro pushed higher following the hawkish turn by the European Central Bank. At 3 AM ET (0800 GMT), the Dollar Index, which tracks the greenback against a...

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