The Euro is under pressure as market expectations grow for aggressive interest rate cuts by the European Central Bank (ECB) to support the struggling Eurozone economy. The ECB is widely anticipated to reduce the deposit facility rate by 25 basis...
NZD/USD Weekly Forecast Greetings and Good Morning to Everyone! The negative news events from the US PPI, CPI, Unemployment, Empire, and Philly Fed Manufacturing index made the US dollar weak against the New Zealand dollar. So, the price of NZD/USD...
AUD / NZD: My Trading Road Map The market price of AUDNZD hit the 1.1086 level on Friday, signaling that the bears or sellers may have an opportunity to enter the market. This price action suggests some selling pressure, but it does not indicate...
USD/CAD Weekly Forecast Good Morning to everyone! As we know the overall market of USD/CAD was in favor of sellers this week. It crossed the 1.4421 zone yesterday. However, this week has presented a particularly tough environment for US traders, as...
Currency pair AUDUSD - chart of period D1. The wave structure on this chart is still building its order downwards, the MACD indicator is in the lower sales zone. Among other things, the price is moving downwards within the descending channel with a...
