March 2018

NZD/USD turned increasingly bearish after a bounce off the 0.7300 handle on Tuesday, breaking below the 0.7200 strong psychological level yesterday. Today the NZD/USD pair continues to head lower, but the RSI in the 4-hour chart is not far…

USD/JPY bounced sharply during Wednesday’s trading session, adding 170 pips to its performance in just one day. The price rebounded on the 16-month low near 104.60 and tried to challenge the 107.30 resistance level. The dollar / yen…

Thursday will probably be the most eventful day for the US dollar this week, from a data perspective at least. The core PCE price index, which is the Fed’s preferred inflation measure, as well as personal income and spending figures are all…

Canadian GDP figures for the month of January are due on Thursday at 12:30 GMT. The release could give direction to the canadian dollar which has been performing poorly relative to its US counterpart, shedding 2.7% year-to-date. Economic…

NZD/JPY is looking more neutral as prices have climbed towards the 20-day simple moving average (MA) after bouncing off the lower Bollinger band. However, the 20-day MA also acted as resistance, hence the upside momentum appears to have run…

AUD/USD has been making lower highs and lower lows since the end of January when it touched a more than a 2 ½ -year high of 0.8135, pausing this downtrend at 3-month lows over the past week. The technical indicators, though, continue to…

EUR/JPY rebounded significantly on Monday, jumping from a seven-month low of 128.93 on Friday to a two-week high of 131.80. Since then, the pair euro / yen maintained this uptrend and the technical indicators in the 4-hour chart suggest…