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Forex: technical overview 23.03.18

USDJPY

The price is moving down following Donald Trump’s de facto declaration of trade war with China. Hence the demand for the Japanese yen is growing and the pair may resume falling after the likely correction upwards.

The price is below the middle line of the borders of Bollinger bands, …

Forex: technical overview 22.03.18

GBPUSD

The pair receives support as the EU summit is expected to solve a number of Brexit problems. It’s safe to assume that if the summit’s outcome proves positive, while the Bank of England meeting hints at another interest rates increase, the pair will continue growing. However, unfavorable news would …

Forex: technical overview 21.03.18

EURUSD

The pair is regaining its previous positions following this Tuesday’s drop, and now it’s swinging before the Fed’s monetary policy meeting. A local recovery is likely, but if the meeting’s results prove positive for the USD, the pair will be expected to weaken.

The price is below the middle …

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