Archive for Tag: forex market outlook

CAD/JPY trading

Japan’s yen back in favour as a funding currency, but with more risks

CAD/JPY is trading up 0.39% at 91.214 As the Bank of Japan asserts its standing as a lone dove among its peers, the yen is reclaiming its status as the world’s most popular funding currency. The trade comes with risks though, given the yen could revert to being a...

Read More
Technical Analysis

NZDJPY: WEEKLY SCENARIO – 15 February 2022

NZDJPY Technical Analysis: Weekly Chart In the weekly charts, NZDJPY is trading in a down channel. It is trading above 100 days SMA & below 20 and 50 days SMA. The immediate support is 75.9728 & the resistance level is at 77.2594. NZDJPY is trading in the down-channel until...

Read More
Technical Analysis

GBPNZD: WEEKLY SCENARIO – 14 February 2022

GBPNZD Technical Analysis: Weekly Chart In the weekly charts, GBPNZD is trading in an up channel. It is trading above all SMA. The immediate support is 2.0291 & the resistance level is at 2.0534. GBPNZD is trading in the up channel until there is a trend reversal GBPNZD Technical...

Read More
dollar index

Dollar hits two-week high on tensions over Ukraine

Dollar Indexis trading up 0.31% at 96.329 The dollar rose on Monday along with the yen and Swiss franc as investors rushed into safe-haven assets on fears that Russia is preparing to invade Ukraine. Russia could make such a move at any time and might create a surprise pretext...

Read More
Technical Analysis

EURNOK: WEEKLY SCENARIO – 10 February 2022

EURNOK Technical Analysis: Weekly Chart In the weekly charts, EURNOK is trading in a down channel. It is trading below 50 and 100 days SMA & above 20 days SMA. The immediate support is 9.9481 & the resistance level is at 10.1497. EURNOK is trading in the down-channel until...

Read More
Forex Market Outlook

Dollar Largely Unchanged Ahead of Key Inflation Release

AUD/USD is trading up 0.26% at 0.7196 The U.S. dollar traded largely unchanged Thursday with the focus on the release of the latest U.S. inflation report later in the day which should provide clues about the pace of the Federal Reserve’s policy tightening. At 2:55 AM ET (0755 GMT),...

Read More
Technical Analysis

EURSEK: WEEKLY SCENARIO – 08 February 2022

EURSEK Technical Analysis: Weekly Chart In the weekly charts, EURSEK is trading in an up channel. It is trading above all SMA. The immediate support is 10.3825 & the resistance level is at 10.4899. EURSEK is trading in the up channel until there is a trend reversal EURSEK Technical...

Read More
Technical Analysis

NZDCHF: WEEKLY SCENARIO

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF is trading in a down channel. It is trading below all SMA. The immediate support is 0.6043 & the resistance level is at 0.6140. NZDCHF is trading in the down-channel until there is a trend reversal. NZDCHF Technical Analysis:...

Read More
USDNOK Technical Analysis

Forex – USDNOK: Weekly Scenario

USDNOK Technical Analysis: Weekly Chart In the weekly charts, USDNOK is trading in an up channel. It is trading above 20 and 50 days SMA & below 100 days SMA. The immediate support is 8.8558 & the resistance level is at 9.0447. USDNOK is trading in the up channel...

Read More