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Bullish: GBP/NZD currently at 1.9809 in a third wave. We are looking for a continuation to the ATR level at 1.9900 with a further level at the R6/2.618 Fibo at 2.0019 (the third wave can’t be the shortest).
We have convergence in play for the move. Watch the USDX for direction. The average daily true range (ATR) for the pair is 174 pips, and it’s 180-day average is 183 pips per day. USDX is currently moving sideways.
With investors flirting with the idea of one final Fed rate increase this summer and the dollar making a comeback, there will be increased emphasis on the next round of US...
The EUR/USD went one pip below the March 24th low before reversing up 40 pips. The market will probably fall further below the Mach 24th low. This was the bottom of a prolonged...
Yesterday's dollar surge has stalled. It is consolidating its gains and is softer against all the G10 currencies. After popping above JPY140 yesterday, there was no follow-through...
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