Category Archives: Technical Analisys

NZDUSD bounces back from 2½-year low but remains bearish below Ichimoku cloud

NSDUSD has rebounded by almost 3% from the 2½-year low of 0.6543 touched on August 15. The downside pressure has eased for now, at least in the short term, with price action moving above the 20-day moving average (MA). However, additional gains look doubtful as the RSI appears to have peaked around…

Forex markets mixed amidst uncertainties of US trade relations

Trade negotiations are still a factor for market moves as uncertainty remains over how Canada will respond to the apparent agreement between the US and Mexico. A failure for Canada to agree over the new terms that have been struck in a bilateral deal between the US and Mexico could mean tariffs…

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