The four-hour chart of the euro against the zloty (EURPLN) shows us a clear downtrend. However, momentum has slowed since last week, and there are some indications that price might move…
Category: Market Analysis
Interday technical analysis of USDCNH
The typical interday timeframe of the dollar against the offshore yuan renminbi (USDCNH; also erroneously called ‘USDCNY’) does not show a clear trend. Price on H4 has consolidated after last month’s…
Interday technical analysis of NZDUSD
Looking at the four-hour timeframe of the Kiwi dollar against the US dollar (NZDUSD), no overall trend is clear. Volatility has been fairly high over the past couple of weeks. The…
Fundamental Analysis: Kiwi Dollar Stabilizes after Better Data
New Zealand’s beleaguered dollar moved up slightly today against various major currencies. One of the main drivers was an improvement in Services NZ PSI this morning. Kiwi shares also held close…
Weekly fundamental roundup, June 14
JPY and USD Safe haven currencies JPY and USD are still on a winning streak this week amid escalating trade tensions. JPY performed better than USD as recent weak labor report,…
Interday technical analysis of EURUSD
The four-hour timeframe of euro-dollar (EURUSD) shows us an overall upward trend. However, the movement seems to have lost strength since the end of last week. The most important area on…
Macro technical analysis of GBPSEK
The daily timeframe of pound-krona (GBPSEK) features an uptrend that has lost momentum recently. This symbol’s most recent high and low are probably the most important areas. Support then is around…
Fundamental Analysis: SEK Retreats from Two-Week Lows
The Swedish krona has bounced slightly with some volatility today in the absence of significant economic data. Monetary policy has had a continuing negative impact on SEK since April. Conversely, paired…
Intraday technical analysis of GBPUSD
The one-hour chart of pound-dollar (GBPUSD; ‘cable’) clearly shows us an overall small upward movement with relatively high volatility. Two levels of potential significance exist on the chart. The first is…
Fundamental Analysis: Pound up after Stronger Data
A reasonably good result from this morning’s British data has helped the pound to strengthen in many of its pairs. Both average earnings and unemployment change printed stronger readings than expected.…