EURNZD

USDCHF sees rally over-stretched The US dollar tanked after an increase in US jobless claims tempered market optimism. The pair has met stiff selling pressure at 0.9470 since last July. The RSI has repeatedly ventured into the…

AUDUSD Stays High as Risk Appetite Grows After reaching a 23-month high, the Australian dollar’s bullish run sees no signs of exhaustion yet. The Trump administration’s banning of Chinese companies temporarily lifted the Sino-US…

EURNZD had a negative end to 2020 as the majority of Q4 saw a price decreases of over €10. The currency pair did see a slight reprieve as it found support towards the 1.70 handle. A slight bounce at the said level now sees a modest…

GBPJPY Rises After Brexit Agreement 2020 has not been an easy year but at least Brexit may finally materialize after protracted negotiations. The markets will look into details as the final agreement reveals itself. Especially…

EURNZD Falls Back Ahead of ECB Decision The euro is likely to be in the spotlight this week as the Eurozone’s GDP data will be followed by the ECB’s monetary policy meeting. Last week’s CPI has sounded the deflation alarm and…

The EURNZD trades in an ascending regression channel as it maintains its push towards fresh highs. A rally towards the upper channel caused a rejection at 38.2% of the 1.99-1.7160 Fibonacci Retracement. Prices are now hovering in the…

USDJPY Rises Back as Trade Talks Resumes The US dollar has seen its sell-off stalled across the board as investors await new catalysts for the next directional move. While bargain hunting and short covering have helped the…

EURNZD has recorded a continued bearish move from the high of 1.9925 to the low of 1.7163. The momentum indicator, however, showed a hidden bullish divergence that was followed by a bullish standard divergence. This is often a signal for a…

EURNZD held its ground in the Europen morning, however, faces a big resistance near 1.74. The area is marked by the 23.6% Fibonacci retracement of the bearish leg starting at 1.8268. Despite weak demand for the euro has kept the pair…

GBPJPY Bounces Off 4-Week Low The pound sterling has begun a tentative recovery after giving back all its gains in June. However, its advance might not be a smooth ride as ongoing Brexit talks may stir up volatility. The EU’s…