bearish – TOP DAILY NEWS

GBP/USD Forecast: Pound Sterling supports however stays vulnerable After dipping to its weakest level given that November 2023 listed below 1.2250 in the European session on Thursday, GBP/USD removed a part of its losses in the 2nd half of the day. The set sell a narrow channel at around 1.2300 on Friday as financiers keep a close eye on the action in the UK gilt markets while awaiting December labor market information from the United States. The selloff in the UK gilts continued early Thursday, triggering Pound Sterling to damage versus its significant competitors. In the European early morning on Friday, the yield on the 10-year UK gilt remains in favorable area at around 4.85%. Another leg greater in this yield might set off a brand-new bout of selloff in GBP. On the other hand, a do...

NZD/USD continues to trade within a coming down channel pattern, showing a continuous bearish predisposition. An upward correction is suggested as the 14-day RSI is placed listed below the 30 mark. The set might check the coming down channel's lower border at 0.5630 level. The NZD/USD set edges lower to near 0.5650 throughout the European hours on Monday. The technical analysis of the everyday chart recommends a continuous bearish predisposition as the set is restricted within a coming down channel pattern. In addition, the NZD/USD set stays listed below the 9- and 14-day Exponential Moving Averages (EMAs), signaling weak short-term rate momentum, which might suggest that the cost is most likely to continue experiencing down pressure. The 14-day Relative Strength Index (RSI) stays ...

Tag: bearish

Pound Sterling Price News and Forecast: GBP/USD supports however stays delicate

NZD/USD Price Forecast: Remains controlled near 0.5650, coming down channel’s lower limit