Here are the most recent forex currency pairs movements, along with charts. Check them out and keep yourself updated!
The pair will face a steep decline with the formation of the “Death Cross”. Yesterday, February 05, was the celebration of the Chinese New Year and also the start of the remaining 25 days that the United States and China must forge a deal to end the trade war. The two (2) countries are currently on a 90-day truce, which will end on March 02, 2019. However, the two were still far from reaching a trading deal, which would restart the trade war. US President Donald Trump’s State of the Union Address was timely with the celebration of the Chinese New Year. On his speech, Trump accused China of stealing US jobs and wealth, and had warned the country, together with Russia, that the United States would win the nuclear arms race. On February 01, Trump announced that he will withdraw from the INF (Intermediate-range Nuclear Forces) Treaty, followed by the withdrawal of Russia on February 02. Histogram and EMAs 13 and 21 was expected to reverse in the following days.
The pair was expected to go up in the following days defying the “Death Cross”. The relationship between the United States and Turkey was strained after US President Donald Trump sided with the Kingdom of Saudi Arabia with the killing of Jamal Khashoggi, which signals that the US will not be an ally of Turkey. Turkey was the only country in the Europe buying Iranian crude oil. Trump sanctioned Iran after it failed to stop its development of ballistic missile as part of the 2015 Iran Nuclear Deal. Turkey is also being questioned for its motive after it speed up the accession talks between the country and the European Union. Now, Turkey was with Russia and China in backing Nicholas Maduro as the legitimate president of Venezuela, which directly contradicts the EU and the United States backed opposition leader and self-proclaimed interim president Juan Guaido.
The pair will continue to go down in the following days and revisit its previous low. New Zealand had been carving sits own way away from Australia. Japan and Australia were two (2) regional powers in Asia Pacific and with the CPTPP (Comprehensive and Progressive Trans-Pacific Partnership). However, as the European Union chose Japan, and the United Kingdom to Australia, New Zealand was in a special position to leverage with the two (2) alliances. New Zealand signed a post-Brexit agreement that guarantees a trading agreement between the country and the United Kingdom, despite the UK crashing out of the EU. Aside from that, New Zealand was competing with Japan to be the largest agricultural exporter in the region. New Zealand received praises after refusing to take sides between Nicholas Maduro and Juan Guaido as the legitimate Venezuelan president, which can give the country the ability to break a stalemate in recognizing who is legitimate and not. Histogram and EMAs 13 and 21 was expected to reverse in the following days.
The pair was seen to further go lower after it broke out from two (2) major resistance line of the “Triangle Pattern”. An advertisement released during Australia’s Lamb Day suggested that Australia should be reunited with New Zealand as the title of outward-looking and optimistic country was transferred from Australia to New Zealand. Australia became inward-looking after the country didn’t sign the United Nation Global Compact for Migration, and had been struggling with the fast pace of leadership change in the country. Whereas, New Zealand became a signatory of the compact, and had been benefiting from the turmoil in the Europe region under Prime Minister Jacinda Ardern’s leadership. Australia was also making a strategic move of refusing to take sides on the Venezuelan crisis, which can be a bargaining tool for the country. Histogram and EMAs 13 and 21 was expected to continue going down.