Forex News

The daily RSI for the NZD/USD reveals growing selling pressure, nearing oversold conditions. The hourly indicators also remain weak. The pair will close a 0.80% losing week. The NZD/USD pair saw a 0.25% loss on Friday’s sessing and continues exhibiting a significant bearish tendency. Both short-term and long-term outlooks suggest the prevalence of sellers, which…

GBP/JPY drops 0.56%, as rising Israel-Iran tensions drive safe-haven flows to the Yen. Though lower, the pair stays bullish above the Ichimoku Cloud, with recovery possible upon reclaiming 192.00. Watch key levels: Immediate support at the Kijun Sen at 191.06, with potential further drops towards 190.55. After consolidating around 192.00 for the last three days,…

USD/JPY recovers after hitting a four-day low, as Tehran’s non-retaliatory stance calms market fears. Consolidation near 155.00 under scrutiny, with Japanese officials wary of excessive forex volatility. Technical levels to watch: support at Tenkan-Sen 153.18, with further supports at 152.29 and 151.41. The USD/JPY consolidated at around the 154.60s area on Friday after diving to…

Gold price peaked at $2,417 per ounce following escalating conflict between Israel and Iran with investors seeking safety. Prices stabilized around $2,394 after Tehran indicated no immediate plans for retaliation, calming initial fears. US Treasury yields and the US Dollar’s decline support Gold’s gains, although Fed officials hint at ongoing restrictive monetary policy. Gold price…

The daily chart of the NZD/JPY indicates a weakening momentum, with RSI and MACD signifying rising selling pressure. The NZD/JPY plunged below the crucial short-term 20-day SMA, hinting at immediate bearish prospects. Despite recent bearish actions, the long-term outlook continues to favor buyers. The NZD/JPY declined to 91.00, down by 0.27% on Friday. Bears are…