Daily Market Charts and Analysis April 25, 2019

Here are the latest market charts and analysis for today. Check them out and know what’s happening to the market today.

USDMXN

The pair was expected to breakout from the downtrend resistance line, sending the pair higher towards the uptrend resistance line. The Mexican Senate approved a bill to strengthen the rights of trade unions in Mexico, one of the final steps towards enacting a law that the US House of Representative Speaker Nancy Pelosi have insisted to be passed before they can proceed to a vote on the ratification of the NAFTA (North Atlantic Treaty Organization) in the United States. In line with this, China and Canada fall away as Mexico becomes the US’ biggest trading partner. Mexico benefited from the on-going trade war between the United States and China. Canada’s arrest of Chinese technology giant Huawei’s Global Chief Finance Officer Wang Meng Zhou had also affected the country’s relationship with China. Histogram and EMAs 13 and 21 was expected to continue going up in the following days.

USDNOK

The pair was seen to further go up in the following days after it found a strong support from an uptrend line. The arctic ice is melting at a fast pace, paving way for another contested territory that the countries near the region can claim. The United States, Russia, Canada, Greenland, and Norway are the countries that can lay claim to the region. However, Russia was seen expanding its military might with its neighbor Norway to decrease the number of claimants, which can increase the possibility of Russia claiming more territory than the rest of the claimants. In line with these, Russia was seen spying in Norway, which is not a member of the European Union, which can further weaken Norway’s influence. The NATO (North Atlantic Treaty Organization) Alliance was now preparing scenarios for Russian invasion of Norway. Histogram and EMAs 13 and 21 was expected to fail to reverse back.

USDPLN

The pair will continue going up after it failed to break out from a major resistance line, sending the pair higher towards its 24-month high. With the withdrawal of the United Sates and Russia from the 1987 nuclear pact treaty, the INF (Intermediate-range Nuclear Forces), and the shift of alliance of Turkey from the US led NATO (North Atlantic Treaty Organization) Alliance, the United States was seen increasing its effort to militarized the Eastern bloc, which will serve as a buffer once a new era of Cold War erupted. The US says it will increase its military presence in Poland following the report that the US might sell its F-35 fighter jets to Poland and Romania after it halted its sales of F-35 to Turkey. Poland was once a satellite of the USSR (Union of Soviet Socialist Republics). However, with the fall of the Soviet Union, Poland turned to Democracy. Histogram and EMAs 13 and 21 will go up.

USDILS

The pair was expected to continue its steep decline after it failed to break out from the “Falling Widening Wedge” pattern resistance line. The United States reaffirmation of alliance with Israel, through US recognition of Golan Height as Israel’s territory, was seen as the key for PM Benjamin Netanyahu to be once again re-elected as Prime Minister of Israel. US Senator Lindsey Graham tells Republican Jewish Coalition that the world should be made to see that an attack against Israel is an attack against America, prompting a future mutual defense agreement between the two (2) countries. The US recognition of Golan Heights as Israel’s territory, however, was condemned by the Arab League. The Arab leaders said that they are committed to the Arab Peace Initiative of 2002, in which they would recognize Israel once they return Golan Heights. Histogram and EMAs 13 and 21 was seen going lower.