Fibonacci

Bull cross represents by 20- and 50-EMAs supports kiwi

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Kiwi bulls look firmer above 23.6% Fibo retracement placed at 0.6286. The 20- and 50-period EMAs have displayed a bull cross at 0.6265, which strengthens the antipodean. A determining move by the RSI (14) above 60.00 will confirm an upside momentum. The NZD/USD pair has turned sidesways after a vertical upside move on Wednesday. The … Read more

Bulls have the upper hand, 0.9745-50 confluence hurdle breakout in play

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USD/CHF shot to a nearly three-week high on Tuesday amid broad-based USD strength. The risk-off mood underpinned the safe-haven CHF and capped any meaningful upside. Acceptance above the 0.9745-0.9750 confluence supports prospects for additional gains. The USD/CHF pair gained strong follow-through traction for the third successive day on Tuesday and shot to a nearly three-week … Read more