The currency market is moving in different directions this week. The Euro is showing strong performance as both EURGBP and EURNZD continue to climb to new highs. On the other side, the New Zealand Dollar remains weak. NZDCHF is still dropping sharply, while AUDNZD has shifted into a downward correction after a long rally. AUDCAD, […]
The forex market reflected mixed sentiment this week, with the New Zealand Dollar (NZD) showing contrasting performance across major crosses. The week’s theme centered on continued NZD weakness, modest AUD resilience, and renewed euro strength, as risk sentiment remained cautious across global markets. NZDCHF Market Bias: Bearish NZDCHF continues its persistent downtrend, now trading around […]
The foreign exchange market is displaying a mix of corrective phases and trend indecision as we head into the last week of October. The bearish pullbacks in AUDCAD and AUDNZD are extending after rejections from key highs. Concurrently, the strong downtrend in NZDCHF shows signs of slowing, while EURNZD and EURGBP have entered consolidation phases, […]
The corrective theme that emerged last week has intensified across the foreign exchange market. The majority of pairs are now in a clear risk-off mode, with sellers dominating the price action. Bearish momentum has accelerated in AUDCAD and AUDNZD following rejections from key highs. The downtrend in NZDCHF has resumed with force, while the pullback […]
The strong bullish runs in AUDNZD, EURNZD, and EURGBP are now facing significant pullbacks, shifting the immediate bias in favor of sellers. Conversely, the relentless downtrend in NZDCHF has paused, hinting at a potential relief rally, while AUDCAD bulls are making a second attempt to secure a breakout. This widespread reversal of momentum suggests a […]
This week in the foreign exchange market, we are seeing a divergence in trend sustainability. While powerful trends in pairs like NZDCHF and EURNZD continue to press forward, others are showing clear signs of exhaustion or indecision. The bullish momentum in AUDNZD and EURGBP has stalled near recent highs, and AUDCAD has settled into a […]
The foreign exchange market is delivering powerful, trend-defining moves. This week’s outlook is dominated by significant breakouts and breakdowns, with pairs like EURGBP, EURNZD, and AUDNZD pushing into new highs. In contrast, NZDCHF has accelerated its downtrend, while AUDCAD has demonstrated a classic false breakout, trapping optimistic buyers and shifting momentum in favor of sellers. […]
The foreign exchange market saw significant follow-through on last week’s key technical developments. Trends have accelerated in several pairs, with breakouts and breakdowns confirming directional biases. AUDCAD Major Bias: Bullish The bullish breakout in AUDCAD has gained momentum. Following last week’s decisive move, buyers have successfully pushed the price through the 0.90679 resistance level. This […]
The foreign exchange market is showing decisive moves as we enter the new week. Bullish breakouts are gaining traction in AUDCAD and EURGBP, while the strong uptrend in AUDNZD has hit a significant roadblock. EURNZD shows signs of exhaustion after its recent rally, and the bearish grip on NZDCHF remains firm. This week, traders will […]
