ANZ Bank does away with cash; Australian Dollar responds with volatility
There are those who look forward to the day when the entire society in which they live goes completely cashless, and there are those who regard such a possibility with absolute dread.
Many nations with developed and advanced financial markets ecosystems are now heading toward the next stage...
GBP/JPY could rise further if there is a clear move above the 165.70 resistance.
Important Takeaways for GBP/JPY
· GBP/JPY is showing a lot of bullish signs above the 162.50 support.
· There was a break above a key contracting triangle with resistance near 162.65 on the daily chart.
GBP/JPY Technical Analysis
The British Pound started a fresh increase...
GBP/USD climbed higher above the 1.2200 resistance zone.
Important Takeaways for GBP/USD
· The British Pound is moving higher above 1.2300 against the US Dollar.
· There was a break above a major bearish trend line with resistance near 1.2180 on the daily chart of GBP/USD.
GBP/USD Technical Analysis
This past week, the British Pound formed a base above...
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CFDs are complex instruments and come with a high risk of losing your money.
NZD/USD is rising and might aim a move above the 0.6300 resistance.
Important Takeaways for NZD/USD
· NZD/USD started a decent increase above the 0.6250 resistance zone.
· There was a clear move above a key bearish trend line with resistance near 0.6265 on the hourly chart of NZD/USD.
NZD/USD Technical Analysis
The New Zealand Dollar started a decent...
AUD/USD started a fresh increase above the 0.6700 resistance zone.
Important Takeaways for AUD/USD
· The Aussie Dollar started a fresh increase above the 0.6700 resistance against the US Dollar.
· There was a break above a major bearish trend line with resistance near 0.6692 on the hourly chart of AUD/USD.
AUD/USD Technical Analysis
The Aussie Dollar...
USD/CHF is rising and might aim more gains above the 0.9220 resistance.
Important Takeaways for USD/CHF
· USD/CHF started a fresh increase above the 0.9150 resistance zone.
· There was a break above a major bearish trend line with resistance near 0.9175 on the hourly chart.
USD/CHF Technical Analysis
The US Dollar started a fresh increase from the 0.9135...
EUR/USD started a major increase above the 1.0800 resistance.
Important Takeaways for EUR/USD
· The Euro started a fresh increase from the 1.0720 support against the US Dollar.
· There is a key rising channel forming with support near 1.0830 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
After a steady decline, the Euro found support near the...
Volatility within the British Pound has been a considerable point of interest recently, especially since the Pound bounced back during the early part of this quarter from a sustained period of decline against the Euro and US Dollar which took place for several months, beginning late last year.
Today, the British Pound is trading at the higher end of the 1.23...
GBP/USD is showing positive signs above the 1.2200 support.
Important Takeaways for GBP/USD
· The British Pound started a downside correction from the 1.2340 resistance zone.
· There was a break below a key bullish trend lien with support near 1.2280 on the hourly chart of GBP/USD.
GBP/USD Technical Analysis
The British Pound started a fresh decline from...
USD/CAD corrected gains and now trading near a key support at 1.3720.
Important Takeaways for USD/CAD
· USD/CAD is correcting gains from the 1.3800 resistance zone.
· There was a break above a major bearish trend line with resistance near 1.3730 on the hourly chart.
USD/CAD Technical Analysis
The US Dollar gained pace for a move above the 1.3680...
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CFDs are complex instrument
Crude oil price is declining and remains at a risk of more losses below $70.
Important Takeaways for Oil
· Crude oil price started a fresh decline below the $70.50 support zone.
· There was a break below a rising channel with support near $70.40 on the hourly chart of XTI/USD.
Oil Price Technical Analysis
Crude oil price also started a fresh decline from...
Gold price is rising and gaining pace above the $1,950 resistance.
Important Takeaways for Gold
· Gold price started a fresh increase above the $1,950 resistance against the US Dollar.
· It broke a key bearish trend line with resistance near $1,945 on the hourly chart of gold.
Gold Price Technical Analysis
Gold price formed a base above the $1,940 support...
USD/JPY is also rising and might rally further above the 132.60 resistance.
Important Takeaways for USD/JPY
· USD/JPY is showing a lot of bullish signs above the 131.80 support zone.
· There was a break above a major bearish trend line with resistance near 131.50 on the hourly chart.
USD/JPY Technical Analysis
The US Dollar started a fresh increase from...
EUR/USD gained pace for a move above the 1.0700 resistance.
Important Takeaways for EUR/USD
· The Euro started a fresh increase above the 1.0700 resistance zone.
· There is a key bullish trend line forming with support near 1.0740 on the hourly chart of EUR/USD.
EUR/USD Technical Analysis
This past week, the Euro found support near the 1.0530 zone...
There has been so much focus on the shock waves that have been sent through the global markets this week as a result of what has now become viewed as a ‘banking crisis’ that only a downward direction in value for stocks and currencies has been considered.
Credit Suisse, the second largest Swiss bank, and one of the world’s largest Tier 1 interbank Forex dealers...
EUR/GBP is struggling and facing resistance near the 0.8780 level.
Important Takeaways for EUR/GBP
· EUR/GBP found support near 0.8715 and is currently recovering higher.
· There is a major bearish trend line forming with resistance near 0.8780 on the hourly chart.
EUR/GBP Technical Analysis
The Euro started a steady decline from well above the 0.8850...
