
Nov 19, 2024 08:39 am UTC| Technicals
The GBP/JPY currency pairrecovered more than 100 pips after forming a double bottom around 194.30.It hits a high of 196.15 and is currently trading around 195.21.The Potential Reversal Zone (PRZ) is set at 200.20. The...

FxWirePro: USD/CNY consolidating around 7.237 , room for further gains
Nov 19, 2024 08:20 am UTC| Technicals
USD/CNY steadied around 7.240 level on Tuesday as concerns over potential US tariffs continue to cloud Chinese currency. The yuan has weakened amid fears that Donald Trumps return to the White House could lead to...

FxWirePro: NZD/USD consolidates as traders await fresh catalysts
Nov 19, 2024 06:09 am UTC| Technicals
NZD/USD consolidates around 0.5889 on Tuesday as traders await fresh signals on U.S. political developments and further guidance on Federal Reserve policy Market participants are looking for any indications that could...

FxWirePro: AUD/ USD neutral in the near-term, scope for downward resumption
Nov 19, 2024 05:46 am UTC| Technicals
AUD/ USD initially gained but gave up some ground as investors digested Reserve Bank of Australias latest meeting minutes. Australias central bank said on Tuesday there was no immediate need to change interest rates,...

FxWirePro: EUR/NZD drifts lower , could be on verge of a bigger drop
Nov 18, 2024 23:23 pm UTC| Technicals
EUR/NZD declined on Monday as commodities recover from recent sharp drop buoyed kiwi dollar. Gold prices rose 1.9% as investors sought safety amid economic uncertainty. Copper gained 1.4%, driven by stronger demand...

FxWirePro: GBP/AUD set for a slump, shorts hold the advantage
Nov 18, 2024 22:51 pm UTC| Technicals
GBP/AUD pair slipped on Monday as higher commodities and equity gains boosted Austrian dollar across the board Gold prices rose after six days of losses, as the U.S. dollars surge stalled. Spot gold rose 1.93% to...