Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
EUR/NZD has turned down
Information is not investment advice
EUR/NZD made a top in June and went down going through the 50-day MA (1.7035) and the support line from March lows. As a result, these levels have turned into resistance and will limit the ability of the euro to recover.
If we look at W1, we’ll see that it’s currently testing the level of 1.6985 (50-week MA). This level may provide some support but the decline below it will open the way down to June low and 38.2% Fibo of the March-June advance at 1.6915. The 200-day MA and 100-week MA are also located in this area, so this support will be significant.
Similar
Another EUR/USD Trade!
4H Chart Daily Chart We sent out a signal yesterday to long EUR/USD between 1…
New EUR/USD Trade
4H Chart Daily Chart EURUSD declined back yesterday after trying to test its 1…
Popular
It’s Time to Look at New Zealand
Inflation in New Zealand is the highest since 1990, edging to 7.3% in Q2 2022. The currency is under heavy pressure as the Reserve Bank of New Zealand is trying to reverse the inflationary spiral. The week ahead will give us a valuable clue about the country’s monetary policy, and we are here to talk about that.
The CAD vs. the World: Mid-Term Scenarios for the Currency
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
Fed Keeps Pushing USD to 2000s Highs
The US dollar index has all chances of reaching the 2000s high of 120.00.
Choose your payment system
