NZDUSD

GER 30 consolidates near record high The German index has come to a halt as investors reassess their over-optimism amid a third wave across the continent. While the bias remains bullish, the price’s cross below the moving averages…

EURUSD capped by bearish moving averages The US dollar continues to advance across the board supported by improving economic outlook. After a short pause along the 20 and 30-hour moving averages, the sell-off renewed below 1.1760. A…

The current NZDUSD pair shows the completion of a bullish triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Following this, a bearish trend began. Impulse wave (1) and double zigzag wave (2) have ended. In addition, so have the…

NZDUSD turns bearish The New Zealand government's announcement to cool the housing market drove down the kiwi as a fiscal reform may alleviate the pressure on the RBNZ to raise rates. After breaking below the major support at…

EURUSD consolidates as reopening at stake A dovish US Fed has put the brakes on the US dollar’s advance. But for the euro to bounce back in a convincing manner, investors will need an internal catalyst. If the EU can coordinate an…

NAS 100 challenges key resistance FOMC officials’ pledge to keep the monetary policy accommodative has pumped up the appetite for risk assets. After reaching near the March high of 13330, the tech index saw profit-taking as the RSI…

US 30 surges from daily support US Congress’s green light on the $1.9 trillion relief package seems to have put stock markets back on track. This came in as half-expected on the technical side as the index bounced off the year-long…

The current NZDUSD formation hints at the construction of a triple zigzag of the primary degree. The bullish wave Ⓩ takes the form of a standard (A)-(B)-(C) zigzag. With the completed triangular correction wave (B) of the intermediate…

NZDUSD shows the formation of a global triple zigzag of the primary degree consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, the final primary wave Ⓩ is currently under construction. Wave Ⓩ consists of sub-waves (A)-(B)-(C)…