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Stays above a lower trend line The NZDUSD is consolidating the days gains with up and down trading between 0.5972 and 0.60147. The high level today stalled just ahead of a topside channel trend line. The recent low stalled just ahead of a lower channel trend line (currently at 0.5975).  

<p>The Australian dollar advanced 1.8% since Asian opening on Tuesday, making the biggest daily advance in the new month and hit new April’s high Risk sensitive currency was supported by rise in global equities that boosted appetite for riskier assets, with RBA’s decision earlier today to keep interest rates at the record lows, contributing t

<p>The German 30 stock index escaped from an almost three-week old range on the four-hour chart but quickly found new resistance near the 200-period simple moving average (SMA) on the way up. According to the RSI and the Stochastics, there is not much upside left as the indicators are reversing southwards after peaking in the overbought area.

<p>GBPAUD is bearish, but is currently trading in a wave B higher degree correction. This correction is complex, and can now be trading at possible resistance and a bearish reversal zone at the upper corrective channel line (2.05/2.11 region), and at various Fib. ratios (61.8 and 78.6), all of which can slow the bulls down. […]

<p>Brent has gained some of its positive momentum after the creation of a double bottom pattern at 24.55 on March 18 and on April 1. In the short-term the market could retain range-bound trading as the RSI is moving sideways above the 50 level and the MACD remains near the trigger line and above its […]

<p>The US dollar lost ground against its major rivals in Tuesday trading, as glimmers of hope over the coronavirus lifted risk appetite among investors. The greenback had rallied sharply since March 9th as fears spiked over the economic consequences of lockdowns across the globe. However, signs of a slowdown in the spread of coronavirus promp

<p>The Euros has declined by 7.48% against the British Pound since March 18. The currency pair breached the 50-, 100– and 200– period SMAs during the period. The exchange rate is currently testing a support cluster formed by the 200– period simple moving average and the bottom border of an ascending channel pattern at 0.8812. […]

<p>The US Dollar has continued to surge against the Swiss Franc. The currency pair edged higher by 3.11% during last week’s trading sessions. All things being equal, the exchange rate could continue to surge in an ascending channel pattern. Bulls could drive the price towards the 1.0100 area within this week’s sessions. However, a

<p>Notes/Observations Optimism persists that the coronavirus outbreak may be slowing in key hot spots Eurogroup later today with focus on whether member States can achieve solidarity on the necessary measures to address the economic impact of the virus outbreak Asia: RBA left the Cash Rate Target unchanged at 0.25% (as expected) Japan Feb Hou

<p>Yesterday, the XAU/USD exchange rate raised to the 1,670.00 level. During Tuesday morning, the rate was trading at 1,660.00. From the one hand, it is likely that bulls could continue to prevail in the market, and gold could appreciate against the US Dollar. In this case the rate could target the 1,690.00 level. From the […]