cyberFX2019

cyberFX2019

NZDUSD H4: The position of the price in relation to the EMAs and to the TL confirms a bearish trend. While the price stays below the TL and the EMAs any short position is in the table. The Support at 0.55814 has been tested and the price had been above that since October 2022 what could give 2 options: another rejection level that may will have a short life(due...

cyberFX2019

After 6 months in consolidation mode the price managed to break the 1.39531 Resistance and re-test the 1.41780 previous resistance from 2020 but didn't have enough bullish gas to close above that level. Now inside a small consolidation between 1.41780 and 1.39531 the bulls are trying to get back on the wheel after a strong bearish reaction on 26th pushing the...

cyberFX2019

The main trend is still downtrend as shown by the lowers lows and lowers highs but we can see a bounce from Support at 0.57966. The EMA(21) is acting as a dynamic resistance but if price managed to close above it should be a sign for a possible trend reversal, otherwise we may see a downward move continuation. The 0.57966 is a critical Support level and keeping an...

cyberFX2019

ICMARKETS:GBPUSD The UK has been feeling he inflation pressure for some time but lately it is showing some better results giving the BoE some time to decide a better approach in terms of the Interest Rate move. The UK growth is still low showing a possible recession risk. The US seems to be in a better position with the FED maintaining a tight policy with a...

cyberFX2019

Possible move upward. Closed NY last Friday with a bearish candle even tough the bulls recovering some loss and showing a possible bullish momentum increase. RSI just below 50. Wait for Monday close. On the Fundamental side we have critical news for the AUD on Tuesday and on Thursday for the JPY.

cyberFX2019

AUDCAD Daily: The uptrend seems to be continue during this new trading week. The price is respecting the TL and is making HH and HL for some time confirming the uptrend. A Daily Support at .088002 can be a strong rejection level if price retraces. If this strong uptrend continues we may see the price testing the 0.95552, previous resistance from January 2023. The...

cyberFX2019

EURCAD Daily: The uptrend seems to be in place due the HH and HL since last June but we can see some consolidation from August. With the price currently trading above the EMA(21) can suggest a possible upward continuation with the possibility to a re-test of the 1.52278 High from August. If the price continues above the EMA(21) we may see an increase in the...

cyberFX2019

After a fall from mid July the AUD managed to recover some losses after hitting the 0.63487 - 0.64000 Support zone. The bulls tried but due a lack of momentum he 0.68245 Resistance level couldn't be broken bringing he pair to a consolidation mode. Last week the pair found a secondary Support level at 0.66266 pushing the bulls up again. The today's candle is...

cyberFX2019

The global economic turmoil has impacted all countries, and New Zealand is no exception. As a result, the nation is experiencing slow growth, which is reflected in a weak NZD. China, one of New Zealand's largest trading partners, contributes to this issue. However, there was some improvement noted in the GDP for the March quarter, which rose by 0.2% compared to...

cyberFX2019

By the price position since last month(August) the price seems to be in an uptrend correction after a strong fall from the beginning of August. It is not clear if this upward move it is just a correction or some trend change but sure to confirm a change the price needs to break the 1.36153 previous Support turned Resistance. The Daily support at 1.34392 still...

cyberFX2019

Since October 2023 the pound has been in recovery mode after a 8.335 drop(around 108 pips) from July 2023 finding Support at 1.2373. This was the recovering start but this bullish momentum wasn't strong enough to break the March 2022 Resistance at 1.32681 level. Last Friday the market was watching for the NFP that even with a better result compared with the...

cyberFX2019

Due the last results from China and the Australian economy not doing well it seems we probably see the JPY continuing its bearish move heading to re-test the Daily Support. On the other hand the JPY got a boost after the Labor Cash Earning showed 3.6% growth and they said the Japanese economy is in recovering mode. On Friday we have the NFP what can, maybe,...