Introduction : After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2018's levels. Since January this year we've been witnessing an indecision as to whether it'll continue its move downwards or pullback to its previous 114.000 levels on...
Introduction : As we can see on the daily charts, FX:EURUSD sat on a 500pips range from May to November, when a loose bearish wedge formation concluded and, from an unsuccesful attempt to break upwards, a downtrend initiated and we are currently in it. The rally on March the 20th was due to the FED's announcement that it would maintain its interest rates, at a...
Introduction : After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2017's levels. Since January this year we've been witnessing an indecision as to whether it'll continue its move downwards or pullback to its previous 130.000 levels on...