Current trend The NZD was growing for a week, so the profit fixing of the long positions were profitable. As a result the NZD/USD pair reversed into the downward correction after the test of the resistance level of 0.7052. The price lowered below the middle line of Bollinger Bands (0.7017) and is moving towards the lower line (0.6990). The breakdown of the level...
Current trend After the strengthening of Canadian dollar against USD last week leading to the weakening of the pair to it 1.5- months minimum (below the level of 1.3000), yesterday the pair started correction after the publication of the data on the return rate of US treasury bills that was the highest in five years and the volume of purchases of long-term US...
Current trend From the middle of March the JPY is growing against the USD. As the USD, the EUR and GBP are unstable, the investors’ interest towards the JPY is growing. In addition the Japan main economy sectors data are positive, which also supports the JPY. The USA macroeconomic data are controversial, and the restrained position of the USA FRS members upon...
Current trend Current week was characterized by the weakening of US dollar. The dynamics of USD was often influenced not by actual macroeconomic inducators, but by political events and the rhetorics of FOMC managers and President Trump. This situation reflected the doubts of investors, that is why they switched attention to alternative assets including precious...
Current trend At the beginning of the year Australian currency strengthened significantly against US dollar due to the decrease of investors' interest to the US currency and effective stimulation measures taken by RBA. Within less than 3 months the pair gained 600 points without showing any long downward corrections which may indicate the strength of the...
Current trend European currency failed to consolidate above the level of 1.0681 and to change the downward trend. The sales of EUR were supported by positive economic data from the USA. Initial jobless claims, being an important indicator, showed decrease and appeared to be better than forecast (234K). Consumer sentiment index by the University of Michigan also...
Current trend The pair has been trading in a narrow downward channel for almost three weeks, but broke through its upper border on Wednesday and reached the middle line of Bollinger Bands at the level of 0.7000. The reason for this growth was the interview by the US President Donald Trump to Wall Street Journal in which he stated he was worried by the strength...
Current trend During yesterday's trading USD/CAD managed to leave the upward channel, and the pair came close to the level of 1.3200. Considerable strengthening of the US dollar was catalyzed by statements of the US President. Donald Trump claimed he would like to stick to low interest rates for as long as possible because it would give American goods benefits...
Downward correction continues. Assumingly, a downward correction in wave ii of 3 of the higher level continues forming. Locally, wave (c) of ii seems to be developing, within which the third wave iii of (c) has finished and a correction in wave iv of (c) is forming. If the assumption is correct, the pair is expected to continue falling towards the level of...
Current trend On Tuesday the pair USD/JPY showed rapid downward movement and broke through the level of 110.00. Due to the absence of important macroeconomic releases world geopolitical events gained utmost importance causing market volatility and influencing the investors. Last week, after the US missile strike in Syria, traders started to look for safe havens...
Current trend New Zealand dollar continues to decrease against the US currency within the limits of the narrow downward channel. The pair is falling in view of growing investors interest to USD and monetary policy decisions of RBNZ. Reserve Bank of New Zealand kept the stimulating interest rate without changes which led to decreasing demand in the national...
Current trend Last week was relatively calm for CHF: the only important releases were Swiss Consumer Price Index and unemployment data. The information was positive but the currency failed to actively react to it. The pair has been growing for over two weeks and has reached its four weeks maximum. This behavior can only be explained by the growth of US dollar....
Current trend AUD/USD corrected to the middle line of Bollinger Bands (0.7513) after breaking through the lower line (0.7474). Due to the absence of macroeconomic releases today is characterized by low trading activity and rate consolidation. Technical indicators show that the market is relatively calm. Bollinger Bands are turned to the side indicating sideward...
Current trend Although the European currency remains in the upward channel against US dollar, the downward trend remains. After considerable growth of EUR against USD in March the pair radically changed its direction and has been trading in the downward tendency for the last two weeks. At the beginning of this week EUR reached the key support level of 1.0570...
USD/CHF, D1 On the daily chart, the pair is trading in the upper Bollinger band. The price remains above its moving averages that are horizontal. The RSI is testing its last month resistance. The Composite turned down. USD/CHF, H4 On the 4-hour chart, the pair is trading just above the middle MA of Bollinger Bands. The price remains above the EMA14, EMA65...
Current trend US dollar continues to grow against euro. EUR/USD closed Friday on the level of 1.0580 despite a weaker nonfarms payroll report than it was expected: 98K workplaces instead of 180K. However, the American currency managed to hold its positions due to stronger statistics on the unemployment rate that made up 4.5% instead of the expected...
Current trend In the end of last week, there was released a lot of important data for both the American and Canadian currencies. In the US, a fall in the Unemployment Rate coincided with weak statistics on the Nonfarm Payrolls. Canadian data showed an increase in the Employment Change and in the Ivey Purchasing Managers Index. In addition, the Canadian Dollar...
Downward correction continues. Assumingly, a downward correction in wave ii of 3 of the higher level continues developing. Locally, wave (c) of ii seems to be forming within which an impulse is developing. If the assumption is correct, the pair is expected to continue falling towards the level of 0.7372. Critical for this scenario is the level of 0.7565. Main...