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AUDJPY maintains the bullish bias

AUDJPY held 85.60 level, which acted as a major support, because of the lower band of the channel. In addition, there was confluence with 61.8% Fibonacci level. If the channel is valid, then the pair maintains the bullish bias targeting around 87.50 level. On the other hand, if price violates the support zone (85.50 to […]

Market Recap

As we are entering the earnings season of the US stocks, the comparison of year on year earnings growth will be unfair. Given that the results will be compared with the 1Q18 quarter when the effects of the US tax law changes had been significant, a possibly useful anchor level to define whether the risk-on […]

Weekly Digest – The highlights that will impact USD rates.

The previous week was relatively quiet for major economic calendar events and political developments, but that didn’t prevent major currency pairs moving in wide ranges, offering up tremendous opportunities for the ZuluTrade community to profit. A quick look at the weekly movements reveals that the USD made significant, stealth-like gains, throughout the trading week. On […]