#EUR/USD# #currencie...from Martin.phan

08 Nov 2022, 16:17 · Views 255

#EUR/USD# #currencies: As the market expected that #China’s economy would revive despite the zero-tolerance approach for the Covid-19 policy, yuan and other currencies sensitive to China’s growth all gained, sending the #dollar to back foot. #offshoreyuan held firm at 7.2200 per dollar, marking the best performance in the recent two years. The #euro recovered and hovered at $1.0026 while kiwi climbed 0.2% to a seven-week high of $0.5951. Aussie also went up together with other peers and now stood at $0.6486. #yen hit a one-week high of $146.35.

Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.

Reply 1

Leave Your Message Now

Martin.phan

156 Posted · 212 Followers

I am here to talk about my definition, my points of view about Forex market.I am happy to be a part of your profit when my signals can help you!

EUR/USD

22,326 Followers

EUR/AUD

1,329 Followers

NZDUSD was down like I expected yesterday to 0.62108, and now it is waiting to absorb money to create an uptrend short-term to 0.63000, which is a key resistance.At that point, it will show whether the price could fly up further or bounce down deeper 0.62108.I suggested for scalping Buying sides: +Buy:0.62353,S/L:0.62108,T/P:0.62987

Martin.phan

NZDUSD is breaking trendline is head down to 0.63024, this is could be a signal for short-term downtrend to 0.62327.By the side, there is fibo 0.236 at .62974 which is a support but not really strong and it could be broken also.Considering for Selling options than Buying. +Sell: 0.62958, S/L:0.63030,T/P:0.62338

Martin.phan

#NZD/USD# NZDUSD now is in price channel which is not really wide.The price now should wait to absorb money then creates its trend.But the trend short-term now is uptrend.So you guys should consider Buy positions.Our strategy today is just scalping.This moment the market is really hard to predict. +Sell: 0.6391,T/P:0.6375,S/L:0.6400 +Buy:0.6373,T/P:0.6419,S/L:0.63650

Martin.phan

#XAU/USD# #oil plummeted to near a one-year low as worries over recession offset positive supply-side signals from a bigger-than-expected crude inventories. Brent oil futures sank 0.3% to $79.51 while WTI crude futures lost 0.1% to $74.16 per barrel. Many are awaiting November’s U.S producer inflation data to see if it would trigger more volatility to the market. #goldprices pinned below $1,800 on the recovery of the dollar while the markets awaited inflation and GDP data from major countries for further clues in the global economy. Spot gold now traded around $1,770.33 while gold futures fell 0.1% to $1,782.35.

Martin.phan

#EUR/USD# #currencies: Biggest U.S banks giving recession warnings dampened risk appetite and sent the #dollar back to its strong position after a five month low this week. The dollar index was up to 105.60, beating against #yen to trade at 136.97. #sterling lost ground 0.4% to settle down at $1.2128, followed by a 0.13% decrease in #euro to $1.0460. The #aussie remained buoyed by RBA’s hawkish stance though it was last 0.16% higher at $0.6699. Kiwi edged 0.02% lower to $0.6317. Offshore yuan trade higher at $6.9845, supported by relaxing COVID-19 restrictions.

Martin.phan