Wednesd4y

Wednesd4y Updated 

The Eurozone single currency has surged by 1.58% against the Australian Dollar since November 25. If the channel pattern holds, bears are likely to continue to drive the currency exchange rate lower in the nearest future.

Wednesd4y Updated 

The New Zealand Dollar declined by 38 pips or 0.52% against the US Dollar on Wednesday. The currency pair tested the lower line of an ascending channel pattern during yesterday's trading session. Given that the exchange rate has bounced off the lower line of an ascending channel pattern, bullish traders could drive the NZD/USD pair higher during the following...

Wednesd4y

The Eurozone single currency declined by 34 pips or 0.27% against the Japanese Yen on Tuesday. The decline was stopped by a support line at 126.45 during yesterday's trading session. All things being equal, the EUR/JPY exchange rate could continue to edge lower during the following trading session. Bearish traders might target the 126.30 level today.

Wednesd4y Updated 

YESTERDAY, THE EUR/USD CURRENCY PAIR DECLINED TO THE 1.2020 LEVEL. IT IS UNLIKELY THAT SOME UPSIDE POTENTIAL COULD PREVAIL IN THE MARKET DUE TO THE RESISTANCE AREA FORMED BY THE 55– AND 100-HOUR MOVING AVERAGES, AS WELL THE WEEKLY S1 IN THE 1.2060/1.2090 RANGE. THUS, THE EXCHANGE RATE COULD TRADE DOWNWARDS. IN THE MEANTIME, NOTE THAT THE RATE COULD GAIN SUPPORT...

Wednesd4y Updated 

The New Zealand Dollar declined by 47 pips or 0.66% against the US Dollar on Monday. The currency pair tested the lower boundary of an ascending channel pattern at 0.7155 during yesterday's trading session. All things being equal, the NZD/USD exchange rate could edge higher within the following trading session. The potential target for bullish traders would be...

Wednesd4y

The US Dollar declined by 118 pips or 0.92% against the Canadian Dollar on Friday. The currency pair tested the lower boundary of an ascending channel pattern during Friday's trading session. The exchange rate is currently trading near the bottom border of the channel pattern and 1.2763 and could be set for a breakout. If the breakout occurs, bearish traders are...

Wednesd4y

The common European currency has surged by 2.05% against the Australian Dollar since January 20. The currency pair tested the upper line of a descending channel pattern at 1.5931 on February 1. Everything being equal, the exchange rate could continue to trend higher during the following trading sessions. A breakout through the upper boundary of the channel...

Wednesd4y

Price is facing bullish pressure where we could see a further upside above this level.