Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today.
EURRUB
The pair was expected to continue moving lower in the following days after it broke down from a major support line, sending the pair to its 16-month low. The European Parliament has overwhelmingly passed a resolution calling on Russian authorities “to release without further delay and unconditionally all illegally and arbitrarily detained Ukrainian citizens both in Russia and in the temporarily occupied territories of Ukraine.” In 2014, Russia annexed Ukrainian territory of Crimea. With the Kerch Strait dividing Crimea and Russia, it became under the control of Russia, which prompted the Kerch Strait incident in November 2018 after Russia seized Ukrainian naval ships passing through the strait. Ukraine is applying to become a member of the European Union and a major blockade to its application will be Russia’s annexation of Crimea. Histogram and EMAs 13 and 21 already crossed over.
EURPLN
The pair was seen to revisit its previous low after it failed to breakout from a major resistance line and from 50 MA. The European Union steps up its pressure to Poland after it gave the Polish government two (2) months to reverse a new disciplinary regime for judges or risk being taken before the top EU court. After Poland’s Law and Justice party took office in late 2015, it introduced sweeping reforms it insists are needed to tackle corruption and overhaul a judicial system still haunted by the communist era. But Brussels has accused the government of threatening to undermine the principles it signed onto when Warsaw joined the bloc in May 2004 as part of the EU enlargement. The new European Commission president, Ursula von der Leyen, said it won’t let the former Soviet satellite states – Poland and Hungary – to slide back from democracy. Histogram and EMAs 13 and 21 was expected to crossover in the following days.
EURCZK
The pair was expected to fail to breakout from 50 MA, which will send the pair lower towards its previous low. Czech Republic took over the presidency of the Visegrad Group, an Eastern and Nationalist bloc inside the European Union. This comes at a time wherein the group was trying to increase its influence against the Germano-Franco alliance. The Czech presidency is aimed at strengthening the Visegrad Group’s position in the EU and NATO (North Atlantic Treaty Organization) Alliance while fostering unity and cohesion of the two organizations. Its motto will be V4 Reasonable Europe focusing on three Rs: reasonable solutions, revolutionary technologies and reconciling approaches. Czech Republic will encourage an economic and social convergence in the EU, EU enlargement to the Western Balkans and the EU Eastern Neighborhood Policy. Histogram and EMAs 13 and 21 will is expected to reverse back.
USDHUF
The pair was seen to breakout from its resistance line after it broke out from 50 MA, sending the pair higher towards its previous high. The U.S. Congress has given final approval to the new Defense Cooperation Agreement between America and Hungary. The House of Representative also approved legislation allowing the stationing of U.S. troops in Hungary, a condition for the cooperation. This will further boost U.S. influence in the Visegrad Group, particularly in the European Union. The agreement was signed by Hungaryʼs Minister of Foreign Affairs and Trade Péter Szijjártó and U.S. Deputy Secretary of State John J. Sullivan in Washington D.C. Aside from this, Péter Szijjártó also met with U.S. Secretary of Commerce Wilbur Ross to further deepen the cooperation between the two (2) countries in terms of trade and commerce. Histogram and EMAs 13 and 21 is poised to further go up in the following days.
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