Archive for Tag: FOREX TRADING tips

forex technical analysis

EUR/SEK TECHNICAL ANALYSIS & SIGNALS

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 10.5215 & the resistance level is at 10.6907. EURSEK is trading in the up channel until there is a trend reversal. EURSEK Technical...

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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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forex technical analysis

NZD/CHF Technical Analysis & Signals

NZDCHF Technical Analysis: Weekly Chart In the weekly charts, NZDCHF is trading in a down channel. It is trading below 50 days SMA & above 20 and 100 days SMA. The immediate support is 0.6291 & the resistance level is at 0.6402. NZDCHF is trading in the down-channel until...

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EURUSD

Euro rises 0.5% against the dollar ahead of ECB

EURUSD is trading up 0.70% at 1.0971 The euro and other European currencies edged up on Wednesday ahead of this week’s central bank meeting and supported by reports that the European Union was discussing joint bond issuance to finance energy and defence spending. After touching a 22-month low on...

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Technical Analysis

NZD/USD WEEKLY SCENARIO – 07 March 2022

NZDUSD Technical Analysis: Weekly Chart In the weekly charts, NZDUSD is trading in a down channel. It is trading below 50 days SMA & above 20 and 100 days SMA. The immediate support is 0.6798 & the resistance level is at 0.6918. NZDUSD is trading in the down channel...

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Dollar Index

Dollar Gains, Euro Slumps On the Back of Rising Crude Prices

Dollar Index is trading up 0.76% at 99.254 The U.S. dollar tracked higher while the euro slumped to a fresh low as soaring crude prices raised fears that the war in Ukraine will result in a stagflation shock, particularly to countries in Europe. At 3:20 AM ET (0820 GMT),...

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Technical Analysis

NZD/CAD WEEKLY SCENARIO – March 04, 2022

NZDCAD Technical Analysis: Weekly Chart In the weekly charts, NZDCAD is trading in a down channel. It is trading above 20 days SMA & below 50 and 100 days SMA. The immediate support is 0.8631 & the resistance level is at 0.8762. NZDCAD is trading in the down channel...

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Forex Market Outlook

Forex Market Outlook – Aussie rises on strong GDP

AUD/USD is trading up 0.04% at 0.7276 Australia’s economy rebounded in the fourth quarter, with a gain of 3.4% QoQ, just shy of the consensus of 3.5%. This is an impressive turnaround from Q3, which came in at -1.9%. The primary driver of the robust reading was consumer spending,...

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forex technical analysis

EURNZD WEEKLY SCENARIO – 02 MARCH 2022

EURNZD Technical Analysis: Weekly Chart In the weekly charts, EURNZD is trading in a down channel. It is trading below all SMA. The immediate support is 1.6318 & the resistance level is at 1.6528. EURNZD is trading in the down channel until there is a trend reversal. EURNZD Technical...

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EUR/USD

Euro weakens, rouble slumps as sanctions piled on Russia

EUR/USD is trading down 0.31% at 1.1183 The Russian rouble plunged and the euro nursed losses against the U.S. dollar on Monday as the West ramped up sanctions against Russia over its Ukraine invasion, prompting investors to shun riskier currencies. Western allies have ramped up efforts to punish Russia...

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