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DXY: The DXY chart currently exhibits a bearish momentum. However, price could rise towards the 1st resistance before resuming a potential bearish continuation towards the 1st support. The 1st resistance level at 104.09 is identified as an overlap resistance that aligns close to the 38.20% Fibonacci Retracement level. Higher up, the 2nd resistance level at […]

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24/01/2024

NZD: Will Markets Rebound Soon?

The New Zealand dollar (NZD) kicks off the week at 0.6116, showing minimal change. However, last week saw a 2% dip, pushing the NZD to a five-week low. Economic challenges persist in New Zealand, with the Performance of Services Index (PSI) revealing three contractions in the second half of 2023. November’s PSI improved marginally to […]
10/02/2025

XBRUSD: Technical and Fundamental Outlook

Crude oil starts the week with moderate gains after three consecutive weeks of losses. Tensions in the Middle East have escalated after the U.S. imposed new sanctions on individuals and vessels involved in exporting Iranian crude to China, which could impact global supply. However, gains are limited by concerns that Trump’s tariffs on steel and […]
02/02/2024

USD/JPY Forms Another Bullish Pattern, US NFP Report Next

Key Highlights USD/JPY is correcting gains from the 148.80 resistance zone. A key bullish flag is forming with resistance near 147.80 on the 4-hour chart. EUR/USD is gaining bearish momentum below the 1.0820 support. Gold prices could attempt a steady increase above the $2,050 resistance. USD/JPY Technical Analysis The US Dollar rallied above the 146.20 […]