Weekly Analysis For AUDNZD, EURNZD, NZDCHF, EURGBP, And AUDCAD (February 1 – 5, 2025)

The market remains highly dynamic, with currency pairs reacting to evolving conditions. This week, AUDNZD and EURNZD exhibit a bearish outlook as sellers increase pressure, while NZDCHF and AUDCAD maintain a bullish stance with buyers pushing higher. EURGBP experiences renewed bearish momentum as sellers take control. Below is a detailed analysis of each currency pair for the week.

AUDNZD

Major Bias: Bearish
AUDNZD’s price movement shows sellers making strategic efforts to drive the market lower. Despite a period of consolidation, the bears are working to break below the 1.10120 key level. The Bollinger Bands are tightening, indicating a potential breakout. If sellers take advantage of this momentum, a clear drop below 1.10120 could confirm further downside. The RSI also supports the bearish sentiment, reinforcing the market’s sell bias.

EURNZD

Major Bias: Bearish
EURNZD remains in a range, but sellers are increasingly asserting control. Price has stalled around the 1.85310 key level, with bearish traders needing additional momentum to strengthen their dominance. The MACD indicates that sellers are gaining traction, supporting the possibility of further declines. Traders should watch for increased bearish pressure to confirm a continued downward movement.

NZDCHF

Major Bias: Bullish
NZDCHF buyers remain firm as they attempt to sustain upward momentum. Despite limited volatility, buyers have managed to push the price up to the 0.51860 level. The market’s slow movement suggests a steady build-up of strength, with the Momentum indicator confirming ongoing bullish pressure. If buyers maintain control, the price could continue rising in the coming sessions.

EURGBP

Major Bias: Bearish
EURGBP has turned bearish, with sellers intensifying their grip on the market. After gaining control around the 0.84650 level, sellers successfully pushed the price below 0.83810. The RSI continues to trend lower, signaling strong selling pressure, while the Momentum indicator also supports further bearish movement. If the decline persists, sellers may target deeper price levels in the short term.

AUDCAD

Major Bias: Bullish
AUDCAD buyers remain dominant, pushing higher after a recent market pullback. The uptrend is gaining momentum as buyers attempt to break above 0.90670. The RSI confirms strong buying pressure, particularly after rebounding from the 0.89650 zone. If the bullish trend continues, traders can anticipate further upside as confidence builds in the market.
For those seeking reliable forex signals, the broader financial landscape, including forex trends, can provide valuable insights into potential opportunities.

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