NZD JPY Overview

The first one is GBPJPY, which is giving us a super strong long-term sell signal. The pair has already broken all major supports and now is testing the closest one as a resistance. First contact was bearish, but it seems that we will have another test soon. A double top at such an important level c....

This week should be important for the CAD. We have an interest rate decision and statement, as well as CPI and retail sales data. Ahead of those events, CAD is very strong. USDCAD has been declining for the past few weeks and it looks like this movement will continue. Currently, the price is creati....

Today, we have three occasions on some exotic instruments. First up is the GBPAUD pair, which created an upwards channel /wedge formation (red lines). This kind of pattern on local highs is a rather negative sign, so we were expecting a bearish breakout yesterday. That is exactly what happened and ....

Trading opportunities on the currency pair: For several weeks in a row, the Kiwi dollar has been rising against both the US dollar and the Japanese yen. The price is approaching the DTR1 trend line (downwards trend line). In my forecast, I’m expecting a breakout of this line, followed by growth to t...