
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
Visibly, AUD/USD and NZD/USD follow quite similar trajectories, with the exception that AUD is now still within the 3-week uptrend’s lower baseline, and the NZD has already dropped out of the channel. See below.
On the H4 chart, the Australian dollar has been staying in the uptrend since the middle of November. Recently, it climbed to 0.7450, then bounced off that high and got down to 0.7380. This low is right at the lower side of the channel. That means there is a high likelihood that the price will bounce from it and aim upwards to the other side of the channel. Crossing 0.74 on the way up there would mean that we are probably right with this prediction.
NZD/USD has been following a very similar uptrend for the last three weeks. It reached 0.7080 and reversed to the downside dropping to 0.7010. It appears that the bearish gravity is stronger with the NZD – therefore, watch the support of 0.7000 to check any further downswing. Otherwise, keep in mind that the dropdown from the uptrend may not be necessarily a start of a new one, so getting back on track is a possibility. For this scenario, 0.7050 would be the resistance to watch before bulls take it further up to 0.7080.
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later