All depends on trump this week to be honest.. . Price has been quite resistant up until closing on the 27 June 2019.. . . . Either way, price will spike. In what direction?. Well that is all in trumps hands
The EURJPY market is over sold . Divergence occurring in the Awesome Oscillator indicating a reversal of the market together with an impulse bear market wave signalling the end of the trend. From my technical analysis the market is going BULLISH
The United States and China are triggering the "largest-scale trade war" as the world's two biggest economies sharply escalated their conflict.Market players are worried that threats of higher U.S. tariffs and retaliatory measures by others could derail a rare period of synchronized global growth.
Seems market want to touch 1.541 until fly again, need to wait because it's also possible to go down to 1.509 and move UP from there to 1.57 - 1.58 until go more down.. I have buys but risky with that war (siria) and NAFTA!!!
The data cupboard looks bare for New Zealand this week, so factors driving the US dollar may impact the NZ dollar. NZDUSD shows a 3-Wave Corrective structure from last week’s low. There is resistance at 0.7250/0.7275, and support at 0.7200 and 0.7155