cyberFX2019

cyberFX2019

Possible move upward. Closed NY last Friday with a bearish candle even tough the bulls recovering some loss and showing a possible bullish momentum increase. RSI just below 50. Wait for Monday close. On the Fundamental side we have critical news for the AUD on Tuesday and on Thursday for the JPY.

cyberFX2019

AUDCAD Daily: The uptrend seems to be continue during this new trading week. The price is respecting the TL and is making HH and HL for some time confirming the uptrend. A Daily Support at .088002 can be a strong rejection level if price retraces. If this strong uptrend continues we may see the price testing the 0.95552, previous resistance from January 2023. The...

cyberFX2019

EURCAD Daily: The uptrend seems to be in place due the HH and HL since last June but we can see some consolidation from August. With the price currently trading above the EMA(21) can suggest a possible upward continuation with the possibility to a re-test of the 1.52278 High from August. If the price continues above the EMA(21) we may see an increase in the...

cyberFX2019

After a fall from mid July the AUD managed to recover some losses after hitting the 0.63487 - 0.64000 Support zone. The bulls tried but due a lack of momentum he 0.68245 Resistance level couldn't be broken bringing he pair to a consolidation mode. Last week the pair found a secondary Support level at 0.66266 pushing the bulls up again. The today's candle is...

cyberFX2019

The global economic turmoil has impacted all countries, and New Zealand is no exception. As a result, the nation is experiencing slow growth, which is reflected in a weak NZD. China, one of New Zealand's largest trading partners, contributes to this issue. However, there was some improvement noted in the GDP for the March quarter, which rose by 0.2% compared to...

cyberFX2019

By the price position since last month(August) the price seems to be in an uptrend correction after a strong fall from the beginning of August. It is not clear if this upward move it is just a correction or some trend change but sure to confirm a change the price needs to break the 1.36153 previous Support turned Resistance. The Daily support at 1.34392 still...

cyberFX2019

Since October 2023 the pound has been in recovery mode after a 8.335 drop(around 108 pips) from July 2023 finding Support at 1.2373. This was the recovering start but this bullish momentum wasn't strong enough to break the March 2022 Resistance at 1.32681 level. Last Friday the market was watching for the NFP that even with a better result compared with the...

cyberFX2019

Due the last results from China and the Australian economy not doing well it seems we probably see the JPY continuing its bearish move heading to re-test the Daily Support. On the other hand the JPY got a boost after the Labor Cash Earning showed 3.6% growth and they said the Japanese economy is in recovering mode. On Friday we have the NFP what can, maybe,...