Hey everyone! Welcome to this week's forex forecast for the week ending June 25th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at EURUSD, EURCHF, NZDCHF & XAUUSD. EUR/USD Price is now back at the channel's top, following huge strength from the USD. We are now waiting on clear confirmations whether […]
Let's look at the news event's we've got lining up this week... (USD) Retail Sales The USD Retail Sales Report is set to Tuesday which shows the total value of sales at a retail level. Consumer spending accounts for a majority of economic activity, and therefore when citizens spend, it is a sign that people […]
Hey everyone! Welcome to this week's forex forecast for the week ending June 18th, 2021. I'm TraderBart with A1 Trading, and this week I'll be looking at USDCAD, GPBNZD, EURAUD & XAUUSD. USD/CAD Continuing on from my deep dive on USDCAD here, on Friday we saw price break through the resistance at 1.214, and price […]
6/10/2021 Hard moves on the kiwi this morning as the US dollar sinks on inflation news. This currency seems to be reacting hard to the US markets as it moves 0.50% in a single candle. Strength in the kiwi could also be rising as inflation remains much lower than the majority of other currencies. NU […]
NU Gains Ahead of RBNZ Statement, Gold Set to Breakout5/25/2021 NZD/USD Analysis NZDUSD looked to have peaked on the 4H chart as price hit the top of the trend line and rejected the highs. As of writing this, we are about an hour before the RBNZ monetary policy statement and are expecting a break above […]
Our Outlook We think the news will be mixed with an overall bullishness to the pair as the USD sinks with inflation. NZD's lower inflation rate of 1.5% is a leg up on the USD. At least in the relative short term, seeing the kiwi gain traction over the dollar looks more possible now that […]
Let's look at the news event's we've got lining up this week... (NZD) RBNZ Monetary Policy Statement The Reserve Bank of New Zealand (RBNZ) Monetary Policy Decision meeting is on Wednesday, and it's expected that no actual interest rate changes are due. The RBNZ is beginning to get pressured to reduce its large-scale asset purchases […]
Looking at the market above, we can see a neatly formed ascending triangle pattern, with resistance at 79.2. The ascending trend line is also being neatly respected, and price has been bouncing off nicely in the past two months. I am now looking for price to either reach the trend line, then show price action […]
Doge Rises to 69 Cents, New Zealand Employment Data, Gold Consolidates5/5/2021 USD/NZD Analysis UN breaks under a rising trend line on the 4H chart and nears support around 1.3841. New Zealand reported some good employment numbers yesterday which seemed to stir more demand in the currency. That support level will be pretty important in this […]
Let's look at the news event's we've got lining up this week... RBA Rate Statement The Reserve Bank of Australia (RBA) is the central bank of Australia which is responsible for the stability of the Australian Dollar currency, full employment, and economic prosperity and welfare of the Australian people. In this rate statement, the RBA […]
