Technical Analysis

AUDJPY tanking down after BOJ decision

Yen crosses fell heavily after BOJ decided no to go with more stimulus for now. The drops were direct and that means - VERY strong, without any retracement. Nikkei was slaughtered too. BOJ appeared quite hawkish last night even more than FED(!). The market was surprised by The Bank of...

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USDJPY Two Crows keep the pair in range

Today Federal Reserve Chair Jane Yellen and other FOMC members could give us cues about potential rate hike in June. Market doesn't expect changes in Federal Funds Rate ( 0.50 % vs 0.50 %) decision today so we should focus on the statement itself as it is focused on the...

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USDCAD bearish triangle within the consolidation zone

The USDCAD went down as analyzed on a previous Session Recap webinar and CAD was also supported by a good CPI and retail sales. Currently it seems the pair is waiting for FED decision this week and technically we see the range.

USDCAD price action is showing consolidation within the...

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NZDJPY follows the equities as Risk On/Off indicator

NZDJPY is one of the pairs pair that has a strong correlation to equities. Nikkei and DAX are +92/90 correlated to NZDJPY and that is extremely high correlation, so they are moving in the same direction. Most important Yen crosses ( USDJPY, AUDJPY, NZDJPY) are an excellent Risk ON/OFF indicator....

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GBPUSD bullish flag suggests further upside

The GBPUSD has washed off Brexit talks and it is showing an upward momentum on intraday time frames. After better than expected Claimant Count change (Change in the number of people claiming unemployment-related benefits during the previous month) the pair is showing now moment buyers off 1.4345-60 withing a bull...

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