The news from Apple Inc has shocked the market last week.
USD/JPY: a corrective move is coming
USD/JPY has been rallying since November 27th and is doing a consolidation above the 200 SMA at H1 chart. According to our Fibonacci projections, the pair is expected to perform a correction in favor of the bulls, which could target the demand zone established between the 111.94 and 111.61 levels. If it manages to rebound above that area, it’s expected to test the next Fibonacci target of -23.6% at 113.58.
RSI indicator remains in the positive territory.
During 2018, the world was waiting for oil at $100.
The New Zealand dollar has been suffering during the previous week, trading at November's levels. What did result in such a bad performance of the currency?
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...