Category: Bouncing
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AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not impressed
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The AUDUSD and NZDUSD pairs have been going hand in hand this week towards the downside, but the NZDUSD pair has seen more bearish momentum. Yesterday, the AUD/USD pair fell below its 200-day moving average and 50% retracement near 0.6583 and 0.6579 respectively. The price then gained momentum after breaking…
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AUDUSD is bouncing after exhausting momentum. NZDUSD has a small bounce. Not impressed
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The AUDUSD and NZDUSD pairs have been going hand in hand this week towards the downside, but the NZDUSD pair has seen more bearish momentum. Yesterday, the AUD/USD pair fell below its 200-day moving average and 50% retracement near 0.6583 and 0.6579 respectively. The price then gained momentum after breaking…
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NZDUSD Technical Analysis – The price is bouncing on a key support level
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Basic overview The US dollar continues to get support from good economic data as seen recently from the US PMIs last Friday and the US Consumer Confidence report this week. Although this data keeps interest rate expectations stable around two cuts by the end of the year, it should also…
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Is Israel’s tech industry bouncing back?
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Two years ago, in May 2022, trouble began brewing for Israel’s tech industry. The prestigious and flourishing that had been producing a new unicorn almost every week and hundreds of new millionaires every month, began to creak. Six months after stock markets began falling, and two months after the US…