After completing a substantial 4-week bullish rally, the US Dollar closed last week with a big bearish candle, which has led to a 2.63% decline in US Dollar prices. The million-Dollar question on traders' and investors' minds: is this the start of a US Dollar dump or just a correction?
NZD/USD: a good chance for the NZD
2019-11-11 • Updated
TP1 0.6705 TP2 0.681 TP3 0.687
On the daily chart of NZD/USD, bulls have been trying to pull the pair out of the downward channel to implement the “Shark” pattern. Its 88.6% target is at 0.682. To continue the rally, the pair needs to break above 0.652 (78.6% from the long-term upward wave).
On H1, a combination of “Three Indians” and 1-2-3 patterns increases risks of a downtrend’s reversal and an implementation of “Shark” and “Crab” patterns with 88.6% and 161.8% patterns.
All eyes seem to be on the US Dollar as traders await the Federal Reserve Chair's speech this Thursday at the Cato Institute's Annual Monetary Conference.
After the resignation of Boris Johnson in July 2021, the conservative party was preparing for an election. With 57.4% of the vote, Liz Truss will be the new UK Prime Minister (PM) for the next two years. She is about to change a lot, and we are about to tell you everything you need to know.
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.