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NZD/USD: an interesting setup
Information is not investment advice
Price action in NZD/USD strongly resembles the so-called “cup and a handle” pattern on the D1. All in all, this pattern implies that the pair may rise as high as to 0.6565 (61.8% Fibo of the July-October decline) and 0.6590 (200-day MA). The close of October candlestick on the monthly chart was positive. Fundamentally, the pair will rise if the US and China make a breakthrough in trade talks and the USD remains weakened by the domestic figures. To confirm the upside, NZD/USD has to break above 0.6460 (100-day MA).
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