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Fundamental Forex Analysis

AUD/USD remains confined in a range, moves little post-US macro data

AUD/USD struggled for a firm direction on Thursday and was seen oscillating in a range. The risk-off mood benefitted the safe-haven USD and kept a lid on the intraday bounce. Mixed US economic data failed to im...

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Forex News

USD/JPY in search of a firm near-term direction, stuck in a range above mid-107.00s

USD/JPY remains confined in a one-week-old narrow trading band. Weaker trading sentiment benefitted the JPY’s safe-haven demand. Sustained USD buying helped limit any meaningful slide for the pair. The USD/JPY...

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Forex News

Base of the range around 107.20

The USD/JPY pair retains its neutral stance, as it has been hovering around the current level for over a week. Valeria Bednarik, a Chief Analyst at NDDFX, takes a look at the USD/JPY technical picture. Key quot...

EUR/USD ??????? ? 1.1030
Forex News

Confined to a range defined by Fibonacci levels

The EUR/USD pair has been confined to the same range defined by Fibonacci levels since last Wednesday, with attempts to leave the area being quickly reverted, NDDFX’s Chief Analyst Valeria Bednarik reports.  Ke...

AUD/USD ????????? ?? 3-????????? ?????????? ? ?????? 0.6850
Forex News

AUD/USD remains confined in a range, around mid-0.6300s

The PBoC’s latest rate cut failed to provide any impetus to the aussie. The USD remained well supported by concerns over coronavirus crisis. The set-up warrants some caution before placing fresh directional bet...

AUD/USD ???????? ????? ??????? ????????? ???? 0.6830
Forex News

AUD/USD remains stuck in a range around mid-0.6300s

AUD/USD consolidated last week’s strong positive move to one-month tops. Concerns over coronavirus, the risk-off mood kept a lid on any strong gains. The downside remains cushioned amid a weaker tone surroundin...

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Forex News

Weak below 1.2500, inside short-term trading range

GBP/USD seesaws around the monthly top, maintains a two-day-old trading range. 50-HMA adds strength to the range support. 1.2500, 50-day SMA offer immediate resistance. Despite declining to 1.2457, GBP/USD sta...

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Forex News

GBP/USD consolidates in a range, holds steady above 1.2300 mark

GBP/USD failed to capitalize on the overnight positive move amid resurgent USD demand. Investors now seemed to wait for fresh updates on the UK PM Johnson’s health conditions. Wednesday’s release of the FOMC mi...

GBP/USD ????? ????? ?????????????? 1.30
Forex News

Turns vulnerable below the recent trading range support near 1.2300 mark

GBP/USD remained under heavy selling pressure through the mid-European session on Friday. Any meaningful positive move might now be seen as a selling opportunity and remain capped. The GBP/USD pair extended th...

USD/JPY ???????????? ?????? 108.70
Forex News

USD/JPY stuck in a range around mid-107.00s, moves little post-ADP

USD/JPY lacked any firm direction and seesawed between tepid gains/minor losses. The JPY benefitted from reviving demand for safe-haven assets amid coronavirus crisis. The USD maintained its strong bid tone fol...