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
I think UJ will be up at next week. I think the sell is off since yesterday. Also, next week. there are many USA report in Economic Calendar. The other pair will be effected by the USA report. I believe Trump will correct his wrong speech regarding the Tariff Policy.
Very hard to decide at this point where it will go since the opposite of what was expected to happen has happened. It is now bouncing of the support line which was the prior resistance line, in a new up trend.
The GBPUSD pair approached to test the key resistance 1.4005 and keeps its stability below it until now.We should note that breaching 1.4005 will stop the expected decline and push the price to achieve positive targets that start at 1.4135.