Tag Archives: NZD$

24 May: Forecast: FX: US$/Majors

  EURUSD: 1.1180 €/Usd had a choppy session, with the Euro making new trend highs before the dollar bounced, later in the day, to send the pair back below 1.1200, finishing the session at 1.1180. While the dailies still look constructive, the short term momentum indicators are tipping lower and I suspect that selling rallies may be the… Read More »

22 May: Forecast: FX: US$/Majors

  EURUSD: 1.1207 The EurUsd rally resumed on Friday after some brief consolidation and eventually reached the first major Fibo resistance at 1.1210 which has so fur capped further progress. The Euro was helped along by increased enthusiasm over the EU economic outlook, and with the daily charts still pointing higher further gains look possible in the days… Read More »

16 May: Forecast: FX: US$/Majors

  EURUSD: 1.0977 The Euro remained underpinned on Monday, with the dollar pressured by the soft New York State Empire Mfg Index, and EurUsd reached 1.0989 before sliding back to finish the day at 1.0975. The short term momentum indicators still look quite positive heading into Tuesday although the daily charts look a little uncertain and it may… Read More »

11 May: Forecast: FX: US$/Majors

  EURUSD: 1.0866 EurUsd has traded a tight 1.0852/99 range on Wednesday, leaving the outlook unchanged. The 4 hour/daily momentum indicators still both look negative and suggest that we are going to see further downside pressure in the days ahead. If so, once back below 1.0850, the 200 DMA (1.0825) will provide some support although below there would… Read More »