Archive for Tag: Forex Trading

canadian dollar

Canadian dollar hits 2-month low as Russia attacks Ukraine

USD/CAD is trading up 0.04% at 1.2817 The Canadian dollar weakened to its lowest level since December against its U.S. counterpart on Thursday as Russia’s invasion of Ukraine triggered a flight to safety in global financial markets. Stock markets globally slumped and the safe-haven U.S. dollar rallied after the...

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EUR/TRY

Euro edges higher, but focus still on Ukraine

EUR/TRY is trading up 0.50% at 15.6775 The euro edged higher against the dollar on Wednesday with investors bracing for further developments in the Ukrainian crisis after Western countries announced sanctions against Russia for ordering troops into separatist regions. Satellite imagery over the past 24 hours shows several new...

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Technical Analysis

NZDUSD Weekly Technical Analysis – 22 February 2022

NZDUSD Technical Analysis: Weekly Chart In the weekly charts, NZDUSD is trading in a down channel. It is trading below all SMA. The immediate support is 0.6697 & the resistance level is at 0.6779. NZDUSD is trading in the down channel until there is a trend reversal NZDUSD Technical...

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Technical Analysis

NZDJPY: WEEKLY SCENARIO – 21 February 2022

NZDJPY Technical Analysis: Weekly Chart In the weekly charts, NZDJPY is trading in a down channel. It is trading below 20 and 50 days SMA and above 100 days SMA. The immediate support is 76.3134 & the resistance level is at 77.9358. NZDJPY is trading in the down-channel until...

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Forex Trading Ideas

Dollar Edges Lower; Risk Sentiment Boosted by Potential Ukraine Summit

EUR/USD is trading up 0.25% at 1.1346 The U.S. dollar weakened in early European trade Monday as risk sentiment received support from the news of a likely meeting between U.S. President Joe Biden and Russian President Vladimir Putin to discuss the fraught situation on the Ukrainian border. At 2:45...

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Technical Analysis

EURNZD: WEEKLY SCENARIO – 18 February 2022

EURNZD Technical Analysis: Weekly Chart In the weekly charts, EURNZD is trading in an up channel. It is trading above 20 and 50 days SMA and below 100 days SMA. The immediate support is 1.6800 & the resistance level is at 1.7057. EURNZD is trading in the up channel...

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Technical Analysis

AUDNZD: WEEKLY SCENARIO – 16 February 2022

AUDNZD Technical Analysis: Weekly Chart In the weekly charts, AUDNZD is trading in an up channel. It is trading above all SMA. The immediate support is 1.0749 & the resistance level is at 1.0838. AUDNZD is trading in the up channel until there is a trend reversal AUDNZD Technical...

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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...

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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...

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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...

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