Daily Forex Chart Art – July 11, 2014


NZD/USD: 1-hour

NZD/USD: 1-hour


Careful, Kiwi bulls! NZD/USD is currently trading at the top of the rising trend channel on its 1-hour forex chart, which means that the pair might have trouble extending its recent rallies. A selloff to the mid-channel area of interest or until the bottom of the channel might take place, as stochastic is also reflecting how sellers are in control of the game for now. If you’re thinking of shorting, you might want to wait for a break below short-term support near the .8800 handle and set your stop above the channel resistance.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD extends gains due to improved risk appetite

AUD/USD extends gains due to improved risk appetite

The Australian Dollar maintained its winning streak for the fourth consecutive session on Monday, buoyed by a hawkish sentiment surrounding the Reserve Bank of Australia. This optimism bolsters the strength of the Aussie Dollar, providing support to the AUD/USD pair.

AUD/USD News

USD/JPY snaps three-day losing streak above 153.50, Yellen counsels caution on currency intervention

USD/JPY snaps three-day losing streak above 153.50, Yellen counsels caution on currency intervention

The USD/JPY pair snap a three-day losing streak during the Asian trading hours on Monday. The uptick of the pair is bolstered by the modest rebound of the US Dollar and US Treasury Secretary Janet Yellen’s comments on potential Japanese interventions last week. 

USD/JPY News

Gold holds below $2,300, Fedspeak eyed

Gold holds below $2,300, Fedspeak eyed

Gold price loses its recovery momentum around $2,295 on Monday during the early Asian session. Investors will keep an eye on Fedspeaks this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday.

Gold News

Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”

Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”

Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X, about a possible integration.

Read more

Week ahead: BoE and RBA decisions headline a calm week

Week ahead: BoE and RBA decisions headline a calm week

Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.

Read more

Majors

Cryptocurrencies

Signatures