NZD/JPY: Review and Forecast

A weak news background and a low volatility make the best solution to open the deals on the trend.

Technical Analysis
12 janv. 2018
NZD/JPY: Review and Forecast

For the last three months the rates have been in the frames of a rapid upward trend. At the same time, since January the volatility has decreased in the absence of an intense news background for both currencies. The New Zealand dollar has been strengthening due to the rising prices for raw materials. The situation will not change in the near future. Any important economic and political events are not expected in New Zealand and Japan for a while.

This week both currencies have been supported. On Tuesday the yen was supported after it became known that the Bank of Japan reduced the amount of redemption of government bonds. Investors had interpreted this as a sign of monetary policy tightening by the Bank of Japan for this year. As a result, the Japanese yen strengthened against most currencies.

The New Zealand dollar continues to be supported by the rising prices for raw materials this week. The Global Dairy Trade Price index increased by 2.2%. Import grew in China by just 4.5 percent in December - that somewhat restrained the growth of the NZD, but did not change the situation.

The MACD and Stochastics oscillators show contrary signals at this time. In this situation the best move would be the deals on the trend, which can be effective in the short and medium term.

SuperForex
EUR/GBP Technical Analysis & Daily Chart

Technical Analysis

EUR/GBP Technical Analysis & Daily Chart

The pair holds the potential for profit with sell positions.

SuperForex
11 janv. 2018
USD/CAD Technical Analysis

Technical Analysis

USD/CAD Technical Analysis

We are waiting for a bullish movement.

SuperForex
11 janv. 2018
USD/MXN: Fundamental Review & Short-term Forecast

Technical Analysis

USD/MXN: Fundamental Review & Short-term Forecast

The weakened the dollar let the MXN strengthen but the deals on the trend still would be most effective.

SuperForex
10 janv. 2018