RDECELERATING HIKES AS RECESSION IS LOOMING OVER NEW ZEALAND STEP 03
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RDECELERATING HIKES AS RECESSION IS LOOMING OVER NEW ZEALAND STEP 03
The bearish pressure continued to prevail on Monday, thus sending USD/JPY towards the combined support of the monthly S2 and the weekly S1 circa 110.30. Due to this cluster, the Greenback failed to reach the bottom boundary of a...
The euro has moved sharply higher against the greenback, reaching 1.2068 against the U.S dollar, following the release of a more hawkish than expected ECB Meeting Minutes. The Meeting Minutes revealed that members of the European governing council may...
Due to release of the minutes of the European Central Bank’s December meeting the common European currency appreciated against the buck by 0.87% just in couple of hours and reached the weekly PP at 1.2040. In result of this...
Contrary to expectations, the exchange rate failed to sneak below the combined support formed by the lower trend-line of a junior ascending channel and the 200-hour SMA. In other words, bulls made one more, though unsuccessful, attempt to push...
Long-term outlook EURJPY is trading within an ascending parallel channel. Short-term outlook EURJPY is trading within a short-term bullish trend.
New trading session the currency exchange rate started with a rebound from alleged support zone located between the 1.2005 and 1.1992 levels. Until release of information on employment change in the United States the pair is expected to spend...
On Friday the USD/CAD rate jumped on the release of fundamental news. Namely, the Canadian GDP came in lower than expected by the average forecast. That caused a jump up to the resistance of the 55-hour SMA and the...
The Pound weakened slightly against the US Dollar on Thursday. This fall, however, was brief, as the pair had managed to return to the 1.3340 mark by this morning. Along the way, the combined resistance of the 55-, 100–...
Despite increasingly positive stance on the Dollar, the Euro continued to inch higher yesterday, being driven by the minor head and shoulders pattern. As the currency rate managed to end previous trading session above the combination of 55-, 100-...
