AUDJPY Reverse to the Upside?
AUDJPY Pair Rises Up, Test the Resistance Strength at 82.00 Level Since the beginning of the year, the AUDJPY pair has tended to be bearish, even falling 3% or around 250 pips. However, since the end of January, the pair has been showing resistance, even being able to create new higher highs and higher lows which signal the end of the bearish trend. Now the AUDJPY rate looks like it will soon test the strength of the strong key level around 82.00. This is further strengthened by the statement
NZDUSD Going South?
Bearish structure on all timeframes, will NZDUSD form a lower low? New Zealand's Prime Minister, Jacinda Ardern, is still in self-isolation as New Zealand recorded more than 100 new cases of COVID-19 infection. This indicates that the pandemic situation is still quite massive in New Zealand and maybe a negative sentiment for the NZD currency. On the other hand, yesterday's poor American ADP data provided a 'hit' for the USD in the short term as well. However, the US government under the
EURNZD Give Signal to Drop?
European Economic Growth Slows In Q4 Due to Omicron Hit The Omicron wave of COVID-19 infections slowed eurozone economic growth in the final quarter of 2021 compared to the previous three months although the impact was much stronger in Germany than in France or Italy. The European Union's statistical office estimates that gross domestic product in the 19 countries that use the euro grew 0.3% quarterly in October-December 2021, significantly slowing from 2.3% growth in the previous three
EURCHF Will Close Bullish This Month?
The EURCHF monthly candle will close in a few hours, is there a possibility of a correction? 2021 is a tough time for EURCHF. This pair had plunged more than 750 pips from its highest to its lowest point since the 2nd quarter of last year. The euro is indeed being 'threatened' due to the recent heated political situation between Ukraine and Russia. Even Ukrainian civilians have been trained to use weapons and tactical strategies in anticipation of a Russian invasion. If a war does occur, the
USOIL Skyrockets, No Bear in Sight
USOIL Has Shot Up More than 16% since the Start of 2022 Oil prices have been bullish for a sixth week, the longest weekly record since October. Prices have risen sharply amid geopolitical tensions between Russia and its neighbors such as Ukraine. We know that Russia is the second-largest oil producer in the world and a major supplier of natural gas to Europe. Threats to the United Arab Emirates from Yemen's Houthi movement have also raised concerns about energy supplies. Quick Recap on
Chance for Ethereum Correct After Heavy Fall?
Ethereum (ETH) Dropped 41% in Value Since the Start of 2022 Ethereum is a technology that allows its users to send cryptocurrency to anyone. Created by Vitalik Buterin, Ethereum also powers applications that anyone can use and no one can stop. Ethereum is built on Bitcoin innovations, with some big differences. Both allow us to use digital money without the services of a payment provider or bank. However, Ethereum is programmable, so you can use it for many different digital assets. It also
How is USDCHF Before FOMC?
All Eyes of Traders and Investors are on the Fed's Interest Rate Determination in the Upcoming New York Session The FOMC, which will be held in the New York session, will determine the policies taken by the American central bank, namely The Federal Reserve or the Fed. Many think that the Fed will soon increase interest rates given the inflationary pressure that hit America to 7%. Not much different from America, Switzerland is also experiencing inflation problems and is struggling with Omicron
Double Top Makes CADCHF Continue Downwards?
CADCHF Dropped Sharply through the Neckline Support, Validating the Double-top Formed The Canadian dollar has tended to weaken against the Swiss Franc over the past few days. This is partly due to the phenomenon of friction between the Canadian government and truck drivers who reject the mandatory vaccine policy. Of course, truck drivers who are one of the stakeholders in the supply chain can disrupt the economy. Meanwhile, investors tend to be cautious because the Bank of Canada will only
AUDUSD Drops Sharply, Will It Retest?
AUDUSD Continues to Fall After Failing to Surpass the Daily Resistance The US dollar strengthened as investors awaited the Fed's decision. All are waiting whether the Fed will raise interest rates soon amid rampant inflation problems. On the other hand, Australia, which is also being hit by the Omicron, continues to show a weakening economy and results in a depreciating AUD value. It's no wonder why the AUDUSD has continued to decline over the past few years. Precisely since January 13, where
Sell on Strong GBPAUD?
GBPAUD is indeed in a bullish trend, but it seems difficult to break the daily resistance The increase in GBPAUD is unquestionable. This pair already looks bullish even before the Bank of England (BoE) announced an interest rate hike last December. The policy of the British central bank certainly pushed the GA even higher. But technically, there are signs that GBPAUD is struggling to continue rising beyond the daily resistance. Fundamentally, the UK, which continues to improve its economy,
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