We have outlooked several promising Forex pairs and the result can surprise you!
EUR/NZD is about to move
Information is not investment advice
EUR/NZD has recently made a number of attempts to approach 0.76 but all of them failed. The recent highs are not confirmed by the Awesome oscillator on the D1 and the H4. As a result, if the euro area releases weaker economic figures, the currency pair will suffer. The decline below 1.7475 (August 13 high) will open the way down to 1.7400 (50-period MA on H4) and 1.7360 (10-period MA). On the other hand, if the NZD is hit more by the trade war, the pair will have a chance of the advance from 1.7590 to 1.7690 (the line connecting May and August highs).
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus