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Daily Forex News and Watchlist: GBP/NZD
GBP/NZD just broke above a consolidation pattern!
Can the pair make new 2023 highs this week?
Or is the pair about to see some serious pullback?
Before moving on, ICYMI, yesterday’s watchlist checked out EUR/NZD for a potential reversal…
A sustained drop seems unlikely
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Open interest in gold futures markets dropped once again on Wednesday, this time by around 2.3K…
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FX Play of the Day: Will USD/CHF’s 1-hour Resistance Zone Hold?
USD/CHF is hitting a key resistance zone!
The pair looks ready to bounce from the .9060 level, which isn’t surprising since the pair has found resistance from the area at least twice in the last week.
It also doesn’t help USD bulls that…
Door open to extra upside
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Considering advanced prints from CME Group for crude oil futures markets, open interest increased for…
AUD/USD, AUD/JPY, AUD/CAD Price Action
Australian Dollar Vs US Dollar, Japanese Yen, Canadian Dollar – Price Setups:AUD is looking vulnerable as it tests vital support.Key focus is on Australia retail sales and US core PCE data tomorrow.Which way for AUD/USD, AUD/JPY, and…
Chart Art: Major Reversal Pattern on Gold (XAU/USD)
Is gold about to retreat from its rallies soon?
I’m seeing a reversal pattern that looks ready to play out on its 4-hour chart!
Right now, the precious metal is still hovering above the neckline support. If it breaks, how low do you…
EUR/USD refreshes four-week low at 1.0740 amid cautious market mood, US Durables in focus
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EUR/USD has refreshed its four-week low at 1.0740 as the USD Index has shown significant strength…
What’s Next for GBP/USD, EUR/GBP, GBP/JPY?
GBP, British Pound, Euro, Japanese Yen, US Dollar - Outlook:GBP/USD slipped even as inflation moderated less than expected.Chance that GBP’s consolidation could extend a bit further in the near term.What are the signposts to watch in…
Chart Art: USD/CHF’s Downtrend Pullback Play
USD/CHF is testing a key inflection point!
Will enough bears show up at the level to extend USD/CHF’s downtrend?
Let’s take a closer look at the pair’s daily chart:
USD/CHF Daily Forex Chart Chart by TV
As you can see, USD/CHF has…