HyperGroundForex

HyperGroundForex Updated 

OANDA:XAUUSD is currently consolidating in the tight range with a trendline resistance keeping it in place. However, with safe havens in high demand due to fear of coronavirus and it had recently bounced off the strong key support level of 1721, we can expect more upside movements. If the bulls manages to break through the strong R1, a bigger uptrend is possible...

HyperGroundForex Updated 

FX:NZDJPY recently broke the ascending trendline and did a retest earlier in the London session. With New Zealand's recent poor GDP data, it is showing signs of exhaustion while we can expect the Yen as a safe haven asset to increase in demand in view of wave 2 pandemic. Thus, we can expect more downside movement towards the next strong key level as shown in the...

HyperGroundForex Updated 

FX:NZDJPY recently broken the ascending trendline and did a retest during London session. With New Zealand's recent poor GDP data and the Yen as a safe haven asset to increase in demand, we can expect NZD weakness and Yen to strengthen. We could potentially looks for trades for a downside move towards the nearest key level as shown in the chart. Trade safe guys!

HyperGroundForex Updated 

FX:USDCAD is currently holding at a strong support level. With the US dollar being a safe haven with a high demand in view of a potential wave 2 pandemic while aligning with investors sentiments and Canadian dollar showing signs of exhaustion and slowing down due to weak oil data. Therefore, we're expecting US dollar strength and Loonie weakness. A good trading...