NZDJPY follows the equities as Risk On/Off indicator
NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they are moving in the same...
View ArticleUSDCAD bearish triangle within the consolidation zone
The USDCAD went down as analyzed on a previous Session Recap webinar and CAD was also supported by a good CPI and retail sales. Currently it seems the pair is waiting for FED decision this week and...
View ArticleUSDJPY Two Crows keep the pair in range
Today Federal Reserve Chair Jane Yellen and other FOMC members could give us cues about potential rate hike in June. Market doesn't expect changes in Federal Funds Rate ( 0.50 % vs 0.50 %) decision...
View ArticleAUDJPY tanking down after BOJ decision
Yen crosses fell heavily after BOJ decided no to go with more stimulus for now. The drops were direct and that means - VERY strong, without any retracement. Nikkei was slaughtered too. BOJ appeared...
View ArticleEURUSD is looking determined to break 1.1500
Last week, the dovish FED sent USD in a downward spiral. The weakness in USD is obvious vs EUR, JPY and GBP. I have already warned about the strong GBPUSD , and today we are also witnessing the...
View ArticleAUDUSD Momentum candle suggests more bears to come
Surprising RBA decision to cut rates on Tuesday made the market tumble. It is clear that RBA is not happy with the current AUD rate so it wants its currency to be weaker. Investors should probably look...
View ArticleGBPUSD is showing Reverse Bullish Divergence in a downtrend
The GBPUSD Construction PMI results and renewed concerns over Brexit have weighted down on the pair and it dropped touching the important level 1.4665 making a double bottom. Double bottom rejected the...
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