Since the previous blog post on this currency pair, we’ve seen both downward targets of 1.70350 and 1.69900 achieved. Below we’ll take a look at how price played out from the previous blogs analysis. Looking at the how price played out on the updated hourly time frame, we can see that price started reversing justContinue reading “EUR/NZD – Downward Targets Achieved”
The US dollar has come under a lot of pressure in recent weeks and with oil trading above $45 for the first time since the oil market crashed in the beginning of the year, let us look at potential short positions on this pair. Looking on the daily time frame, we can see that yesterdaysContinue reading “USD/CAD – Technical Analysis”
The president of the ECB, Christine Lagarde, stated at yesterday’s press conference that the economic activity in Europe has lost significant momentum in the fourth quarter with the surge in coronavirus cases adding to the already heightened level of uncertainty. Beginning on the daily time frame, paying close attention to the latest candle closure, weContinue reading “EUR/NZD – Updated Analysis”
With the post Brexit deal still proving to be elusive as well as Europe experiencing their second wave of coronavirus, the euro has been experiencing a lot of downward pressure when compared to the Kiwi dollar. Looking on the daily time frame, we can see how using the double bodies on this time frame helpsContinue reading “EUR/NZD – Technical Analysis”
Europe is turning to mass testing to contain the pandemic that has forced nations into lockdowns which cannot be sustained. Over the course of the past weekend, Slovakia attempted to test its entire adult population and the surrounding nations are looking to follow suit. On the 4-hour time frame, with the same fib placed asContinue reading “EUR/NZD – Euro Risk Remains”
The eurozone economy grew rapidly in the third quarter posting a 12.7% growth in GDP over the last quarter but with coronavirus infections increasing and new restrictions being implemented, downside risk is likely to continue. Looking at the daily chart above, we can see that this pair was trending to the upside creating higher highsContinue reading “EUR/NZD – Euro Facing Downside Risk”
With the weakening of the dollar that we have seen since the end of last week, there has been significant strength in this safe haven pair. On the daily chart above, we can see that price was consolidating below the highlighted region, 0.91800, which was acting as resistance before breaking to the upside with priceContinue reading “USD/CHF – Technical Analysis”
Today, we will be going over the euro versus the Japanese yen. In the previous blog on this pair, we were looking at the psychological round number of 123.000 holding as support which was achieved. Price went on to create a higher high which saw a 160 pip move to the upside, coming a fewContinue reading “EUR/JPY – Potential Continuation to the Upside”
In the previous blog on this pair, we were looking at a pullback to complete a potential inverse head and shoulder. Although this was not achieved, once we had the candle closure above the ascending parallel channel, price went on to climb 150 pips to the upside. On the daily chart above, we had aContinue reading “EUR/JPY – Updated Analysis”
Today, we’ll be going over the Euro versus the New Zealand dollar with technical analysis starting on the daily time frame. On the daily chart above, we can see that a new high was made on the 23rd of September when the price closed above the previous high of 1.77850. Looking at the fib toolContinue reading “EUR/NZD – Technical Analysis”
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