Onyukwu

Onyukwu

Given this macro backdrop, EUR-crosses—especially EUR/NZD—are benefiting from increased upward pressure. Here's how I’m viewing the current market structure: Key Technical Outlook: 📍 Scenario 1 – Intraday Momentum Entry: Watch how the market opens and closes on Monday. If price respects current support and shows bullish intent on the lower timeframes (e.g., 1H or...

Onyukwu

📊 Market Insight: How Base Currencies Drive the Market One key lesson I’ve learned from my mentor is this: When a base currency is trending, it often pulls the entire forex market with it. For example: When the Dollar Index (DXY) is trending, the whole forex market tends to move with momentum. When the DXY is ranging, the entire forex market often consolidates...

Onyukwu

*EUR/USD Analysis* Recent global events particularly the ongoing conflict in Iran and associated political instability have contributed to a sustained downtrend in the U.S. Dollar Index (DXY). The index is currently approaching major historical support levels, which further reinforces the weakening dollar narrative. Inversely, EUR/USD continues to exhibit...

Onyukwu

EUR/USD Analysis Recent global events particularly the ongoing conflict in Iran and associated political instability have contributed to a sustained downtrend in the U.S. Dollar Index (DXY). The index is currently approaching major historical support levels, which further reinforces the weakening dollar narrative. Inversely, EUR/USD continues to exhibit bullish...