NZDUSD

USDJPY enters supply area The US dollar struggles to bounce higher as high inflation seems temporary. The previous sell-off below the demand area near 109.80 has spoiled the recovery mood. The former support has turned into a…

NAS 100 climbs back towards peak Equity markets hold high as investors weigh stronger economic rebound against reflation concerns. The Nasdaq's surge above the daily resistance at 13800, suggests that buyers have regained control of…

The current NZDUSD structure hints at the formation of a cycle intervening wave x. This is part of a large double zigzag. The intervening wave x has a complex double zigzag formation with primary sub-waves Ⓦ-Ⓧ-Ⓨ. The actionary wave Ⓦ, in…

NZDUSD surges above consolidation range The New Zealand dollar soared after the RBNZ hinted at an interest rate hike next year. Strong momentum above 0.7300 has enabled the kiwi to break free of a six-week-long consolidation. This…

EURUSD rises on border reopening The euro inches up steadily as sentiment towards the eurozone’s recovery improves. Businesses are getting ready for the critical summer season as restrictions are phased out. With the vaccine…

NZDUSD seems to be forming an intervening wave x of a cycle degree. This consists of primary corrective sub-waves Ⓦ-Ⓧ-Ⓨ. The wave Ⓦ is a bearish standard zigzag, and the intervening wave Ⓧ resembles a bullish triple zigzag pattern. The…

SPX 500 rebounds from daily trendline The S&P 500 reverses sharp decline as investors digest soaring consumer prices. On the daily timeframe, the index saw strong buying interest on the rising trendline (4040) from March 2020.…

NAS 100 tumbles after exhaustion Tech stocks slip as investors’ bet on a US recovery favors traditional sectors in their asset rotation. The recent peak above 14000 could lead to a pullback as investors may think twice before…

EURUSD pulls back to support The euro popped higher after the Eurozone's bond yields rose on improved sentiment. The pair maintained its recovery trajectory after it turned 1.1990 from resistance into support. The euro has met…