Recent content by team.ikofx

Buy Dips In $NZDUSD The New Zealand dollar performed well against the US dollar recently and broke an important resistance area to trade higher. There was a lot of buying interest seen in the NZDUSD pair, which helped the pair in the near term. There was an important event lined up in Australia...

EURAUD Might Present a Buying Opportunity The Euro surged higher against the Aussie dollar as the latter one got weakened recently. The EURAUD pair climbed higher, but found resistance around an important area. It is currently correcting lower and might present a buying opportunity in the near...

AUDUSD Heading Towards Pivot Area The Australian dollar fell sharply recently against the US dollar, and one of the main reasons for the same was the sifter than expected Chinese trade balance report. However, the AUDUSD pair managed to find buyers around the 0.7550 levels, and currently making...

Can GBPUSD Break Higher? The British pound traded lower this past week against the US dollar, but it was later seen finding bids around the 1.4600 area. It looks like stabilizing around the mentioned area and might gain bids in the short term. There is hardly any major release lined up in the...

No Hope for EURUSD As Sellers Remain In Control The Euro failed once again to trade higher against the US dollar and after a minor correction moved back lower. There was a sharp reaction noted recently around the 1.0880 levels where sellers stepped in to ignite a downside reaction in the EURUSD...

NZDUSD Following A Downward Slope The New Zealand dollar managed to trade higher to test 0.7600 recently against the US dollar. However, it found resistance around the mentioned area and moved lower. Currently, the pair is testing an important support around the 0.7520 levels, which if breached...

EURCAD Might Weaken Further The Euro was hammered recently not only against the US dollar, but also against other currencies like the Canadian dollar. There was a major support formed for the EURCAD pair, which was breached to set the pair for more declines in the near term. The recent releases...

AUDUSD Looks Set For More Losses The Australian dollar traded higher recently against the US dollar, but it looks like it failed to maintain the momentum. There were a couple of economic releases lined up in Australia, which pushed the AUDUSD pair lower in the near term. The AIG Performance of...

Buying Dips Favoured In GBPUSD The US dollar weakened recently against many major currencies, including the British pound. The main catalyst for the down move was the US nonfarm payrolls report, which came below the forecast. The GBPUSD pair traded higher and might continue to gain pace in the...

EURUSD Likely To Gain Strength The Euro was one of the best performers against the US dollar recently, as it surged higher and breached important resistance area of 1.0800. The EURUSD pair gained a lot of bids and blasted higher to test the 1.0900 levels. It is now correcting lower and it would...

NZDUSD Looks Set For A Break Lower The New Zealand dollar continued to struggle against the US dollar, and every time the NZDUSD pair moved higher, it found resistance. There are a couple of major barriers on the way up for the pair, which is stalling the upside in the short term. Earlier...

Can EURAUD Break Lower? The Euro traded higher recently against the Aussie dollar, but failed to gain momentum above the 1.4180 level. The EURAUD pair is currently moving lower and testing an important support area. If the Euro sellers manage to gain control, then a break below the same might...

Sell Rallies In AUDUSD The US dollar surged higher against most major currencies recently, including the Aussie dollar. The main reason for that was the economic releases in the US, which were on the positive side. The AUDUSD pair traded lower and even challenged the 0.7640 support area...

GBPUSD Facing A Monster Resistance There British pound managed to recover some ground against the US dollar this past week, but later it failed to maintain the momentum. The economic releases in the US were mixed, which caused a bit of downside momentum. There looks a possibility that the...

EURUSD Poised For More Downsides There Euro traded lower recently against the US dollar, and lost most of its gains. The EURUSD pair also broke an important support on the hourly chart, which suggests that the pair is likely to continue trading lower. We need to see how the price action...