hello traders here is my EURNZD analysis market rejected from the area around 1.63438 where sellers jump in with a strong momentum to the downside, and gave us a good breakout and restest at level 1.62870 confirming the corretive wave after the impulsive move from 1.59934
Gold price is resuming its downtrend towards the $1,700 mark so far this Tuesday, as sellers return and snap the sharp recovery from one-month lows of $1,720 seen Monday.
Bears renew six-week low on the way to 0.6800. Multiple levels marked during mid-July lure sellers
EUR/USD remains pressured towards 0.9900, eyeing a fresh two-decade low in early Europe. LOOKOUT All eyes are at 0.9900 level if we can have a break bellow the level we are yet to see a major sell off to the downside.
Gold price extends the previous sell-off towards $1,700, as US dollar strength remains
GBP/USD is trading around 1.1650, vulnerable at the lowest levels since March 2020.
GBP/USD has reversed its direction and reclaimed 1.1800 in the European session, erasing its daily losses along the way.
EURJPY we have a bullish continuation pattern driving price or rather buyers to the upside with the strong market momentum breaking above the resisting trendline, looking for buying opportunity aiming for the targeted level 137.8319 (tp1), 138.913 (tp2) and (140.445) tp3
USD/JPY has witnessed a steep fall after facing barricades at around 137.20 in the Asian session.
GBP/USD is holding above 1.1800 but remains on the back foot in early European trading.
Gold price (XAU/USD) remains sidelined near $1,745-46, following the rebound from the monthly low, as traders brace for Wednesday’s European session.
AUD/USD advances after picking bids to near 0.6900, focus is on US Durable Goods Orders.
The AUD/USD pair catches fresh bids on Thursday and builds on this week's bounce from the 0.6860-0.6855 support zone.
GBPCHF we have an overall bearish trend and market rejection @ 1.14224,sellers jumping in with a strong bearish candle creating more selling opportunities.
The dollar gives away almost all its weekly gains and retreats to the 108.00 neighbourhood when tracked by the US Dollar Index (DXY) on Thursday.
USD/JPY portrays a two-day downtrend, after refreshing the monthly peak, as it refreshes the daily low around 136.35 heading into Wednesday’s European session
EURUAD 2h chart market currently creating an implusive move attracting buyers from the 0.618 and 0.5 fib.