CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
NZD/JPY will soon be out of the rage
Information is not investment advice
NZD/JPY has started recovering at the beginning of January. The pair consolidated in the middle of the bullish channel during the last 5 days. For now, it’s trading above the weekly pivot point at 76.06. The 50-day MA went above the 200-day MA forming a so-called “golden cross”. At the same time, if we check the monthly chart, we’ll see that the pair ran into the 100-month MA at 76.35, so the way up is not so easy either.
A spike in volatility may be expected this week on Thursday when New Zealand releases GDP figures. The forecasts are not that good. The decline below 76.00 will move NZD/JPY down to 75.60 (100-day MA, channel support). Buyers may reappear in this zone. At the same time, a break of the upper border of the consolidation range around 76.75 will open the way up to 77.30 (100-week MA).
Elizabeth Belugina
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CHF/JPY reached long-term resistance
CHF/JPY is trading at the resistance line since September 2018 high. The upside is also limited by the 100-day MA at 108.85.
EUR/NZD: short-term idea
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD will be volatile
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
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