EURUSD reaches downside target swing area
EURUSD falls to the low from earlier this week/swing area The EURUSD EUR/USD The EUR/USD is the currency pair encompassing the European Union’s single currency, the euro (symbol €, code EUR), and the dollar of the United States (symbol $, code USD). The pair’s rate indicates how many euros are needed in order to purchase […]
Scope for a move back to the 1.06 area into the spring – Rabobank
Economists at Rabobank discuss their forecasts for the EUR/USD pair for the coming moths. Market has now built substantial EUR longs “The market has now built substantial EUR longs meaning that the single currency will become increasing sensitive to the realisation that headwinds to Eurozone growth remain, albeit at a far more reduced level than […]
Still room to rise toward the 1.0500 area – MUFG
The EUR/CHF pair has climbed back above parity over the past week after bouncing off support for the 200-day moving average at around 0.9930, explained analysts at MUFG Bank. They see that price action supports their view that there is still room for the cross to rise back towards the levels that were in place […]
AUDUSD finds the sellers near hourly MAs and swing area on the rebound
The AUDUSD AUD/USD The AUD/USD is the currency pair encompassing the Australian dollar of the Commonwealth of Australia (symbol $, code AUD), and the dollar of the United States of America (symbol $, code USD). The pair’s rate indicates how many US dollars are needed in order to purchase one Australian dollar. For example, when […]
GBP/USD climbs towards 1.2390, bouncing from lows hit at the 1.2330 area
GBP/USD is almost flat due to the US Dollar erasing its earlier gains and on a risk-on impulse. Data in the US showed that the housing market remains dampened, a headwind for the US Dollar. Fed’s Waller: Supports 25 bps rate hikes, though does not expect rate cuts by year-end. GBP/USD seesaws during the North […]
Bears taking on bullish commitments near 1.3450 key area
USD/CAD bears are taking on a double bottom near 1.3450 support area. Bears eye a 61.8% Fibonacci retracement near 1.3415 should the double bottom (DB) be breached. USD/CAD is eating into the bullish rally’s tracks from yesterday’s business with 1.3450/30 eyed as a potential support structure in what has been a choppy descent from above 1.3500 on […]
USDCHF returns to the 100 hour MA, low for the day, and swing area
USDCHF moves down to retest swing, 100H MA and earlier low For the USDCHF, looking at the hourly chart, the price has seen up and down trading today. The high just an hour or so ago, was back up testing the high from earlier in the day, but held. The subsequent move lower has rotated […]
Bears are lurking in critical resistance area
NZD/USD bulls coming up for ain ahead of the keyUS event. The price is on the backside of a daily trend, and the front side of the weekly/monthly bear trend. NZD/USD is higher by some 0.5% on the day so far and headed for a bullish close to starting the week. However, breakout traders chasing […]