FxWirePro- Major Pair market sentiment (CCI-ADX-EMA setup)(US Session)
Dec 18, 2024 09:45 am UTC| Technicals
Pair 4-Hour 8-hour Major resistance Major Support Trend...
GBP/JPY Showcases Volatility Amid UK Inflation Data Insights"
Dec 18, 2024 08:56 am UTC| Technicals
The GBP/JPY currency pair experienced some pullback after the release of UK CPI data, reaching a high of 195.88 before settling at approximately 194.85. Notably, the Potential Reversal Zone (PRZ) is set at 200.20,...
FxWirePro: USD/CNY maintains bullish bias with focus on 7.350
Dec 18, 2024 08:34 am UTC| Technicals
USD/CNY steadied on Wednesday as investors focused on the outcome of the U.S. Federal Reserves last policy meeting of 2024. The U.S. central bank is expected to lower interest rates by a quarter percentage point at its...
FxWirePro: NZD/USD heads deeper into bear territory, eyes 0.5700 level
Dec 18, 2024 06:22 am UTC| Technicals
The NZD/USD dipped on Wednesday as dollar firmed ahead of U.S. Federal Reserve rate decision. U.S. dollar gained against major currencies following better-than-expected retail sales data that showed underlying economic...
FxWirePro: AUD/ USD slips to one-year low with plenty more downside potential
Dec 18, 2024 06:04 am UTC| Technicals
AUD/USD slipped to hot one year low on Wednesday as stronger greenback and higher lower iron ore prices weighed on Australian dollar. Iron ore futures fell on Wednesday as easing supply concerns and furnace maintenance...
FxWirePro: EUR/NZD range to extend until there is game changing news
Dec 17, 2024 21:53 pm UTC| Technicals
EUR/NZD strengthened on Tuesday as the kiwi dollar was pressured by lower commodity prices and soured risk sentiment. Copper prices fell to two-week lows on Tuesday, driven by concerns over weakening demand from top...
FxWirePro: EUR/AUD set for another rise, targeting the 1.6600 level
Dec 17, 2024 21:34 pm UTC| Technicals
EUR/AUD climbed on Tuesday as soured risk sentiment and falling commodity prices pressured the Australian dollar. Oil fell 1.2% due to demand concerns triggered by disappointing economic data from Germany and...