NZD/JPY 4H Chart: Buying Signals
The New Zealand Dollar has declined by 190 pips or 2.63% against the Japanese Yen since the beginning of September. The currency pair tested the lower boundary of an ascending channel pattern at 70.00 on September 10. The exchange rate...
NZD/CAD 4H Chart: Could Break Channel
The New Zealand Dollar has been trading in an ascending channel pattern against the Canadian Dollar since the middle of August. The currency pair tested the 0.8850 level last week. All things being equal, the exchange rate could continue to...
GBPJPY Locates Foothold, Stalling Sell-Off At 100-Day SMA
GBPJPY has discovered strong support from the 100-day simple moving average (SMA) of 135.54, located at the Ichimoku cloud’s lower boundary. The falling Ichimoku lines are backing the plunge in the price, while the 50- and 100-day SMAs aim to...
Euro Jumps on ECB’s Optimism Over Economic Recovery, Inflation and No Significant Reaction on High Exchange Rate
The Euro surged to one-week highs on comments from ECB President Christine Lagarde in the press conference after the central bank kept the policy unchanged. The ECB’s remarks about key points were mainly within market expectations that offered fresh boost...
EURJPY Surpasses 126.00 Key Level with Strong Momentum
EURJPY stretched its two-day rally above the 40- and 100-period simple moving averages (SMAs) moving towards the 126.00 handle. The stochastic seems to be losing momentum below the overbought territory, the RSI is pointing north in the positive area and...
USDJPY Watching 106.40
The US dollar is holding above the 106.00 level against the Japanese yen currency as global equity markets stabilize after the early week sell-off. The 106.40 level is technically important to the upside and is the key resistance level preventing...
EUR/GBP Outlook: Bulls Start to Lose Traction on Approach to Initial Target, ECB Meeting in Focus
The cross is consolidating under new six-week high (0.9130) on Wednesday after advancing nearly 2% since Monday’s opening. The Euro benefited from pound’s fresh weakness over Brexit concerns and awaiting more positive signals from the ECB on Thursday, as latest...
AUD/NZD 4H Chart: Two Scenarios Likely
Since the end of August, the AUD/NZD exchange rate has been declining, guided by a descending trend line. From a theoretical perspective, it is likely that some downside potential could continue to prevail in the market, and the currency pair...
DAX 30 Creates Rising Wedge Reversal Chart Pattern
The German index DAX 30 is building a rising wedge reversal chart pattern (purple lines). The uptrend is losing steam and larger retracement is around the corner. What could confirm this bearish pullback? Price Charts and Technical Analysis – advertisement...
EURCHF’s Positive Tendency Somewhat Reserved by Constraints
EURCHF’s gradual appreciation remains fairly subdued, confined between the 1.0876 top and a base from 1.0700 until 1.0721. The simple moving averages (SMAs) convey a minor bullish tone, while the short-term oscillators reflect weakness in positive momentum. The MACD, in...
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