Market Morning Briefing: Dollar Yen Continues To Trade Below 110.50
STOCKS Dow retains its strength and remains bullish while DAX has paused near a key resistance. Among the Asians, while the resistance in Nikkei has held well and keeps the near-term view negative, the Indian benchmark indices, the Sensex and...
EURUSD Bear Pressure Remains Intact
EURUSD bear pressure remains intact as it looks for price extension. Support stands at the 1.1350 where a break will aim at the 1.1300 level. A break below here will target the 1.1250 level. Further down, support lies at the...
Elliott Wave Analysis: USDJPY Unfolding a Temporary Pullback
USDJPY made a nice structure, up from 108.49 level, a five-wave move which is now being retraced by a temporary pullback. We see this pullback as an a-b-c, which is now trading at interesting support regions, here at 109.73/109.42 area....
US 100 Index May Challenge 200-SMA Roof; Bullish in Near Term
The US 100 index (NASDAQ 100) has been in a positive tendency after the jump above the 61.8% Fibonacci retracement level of the downleg from the all-time high of 7700 to the 14-month low of 5845, around 6995. Currently, the...
AUDJPY Breaks Upside Tendency, Bearish And Oversold
AUDJPY came under strong pressure on Wednesday, with the price reversing all the gains made earlier this month. The pair is currently testing the 200-period moving average (MA) in the four-hour chart and the bottom of the Ichimoku cloud but...
EUR/USD And USD/CHF: Dollar Bulls In Control
EUR/USD started a major downside move and traded below the 1.1430 support level. USD/CHF is trading nicely above the 0.9980 support and it could trade further higher. Important Takeaways for EUR/USD and USD/CHF The Euro faced an increased selling pressure...
GBP/USD Outlook: Bears Crack 1.30 Level, Eye Pivotal Support at 1.2904
Cable cracked 1.30 support in extension of weakness after lower than expected UK service sector PMI in Jan, released earlier today. Downside pressure increased after Monday’s close below 200SMA and sustained break below 1.30 and rising 20SMA (1.2977) would spark...
USD/JPY Outlook: Pivotal 110 Barrier Continues To Resist
The pair maintains positive tone on Tuesday and holds near strong 110.00 barrier, but so far without clear break higher, despite Monday’s spike to 110.16 (new 2019 high). Lower volumes in Asia due to holidays slowed the activity, with lack...
Market Morning Briefing: Dollar Yen Has Risen To Test 110 On The Upside As Expected
STOCKS Indices like the Dow and India’s Sensex and Nifty 50 are bullish in the near term while the Nikkei and DAX are looks mixed. Dow Jones (25,239.37, +175.48, +0.70%) has risen decisively above 25,000. While above 25.000, the outlook...
Elliott Wave Analysis: GBP/JPY Update
GBPJPY is nicely recovering from the 142.02 level, giving us an idea that corrective wave iv as part of a bigger, bullish cycle is completed, and that final wave v is in play. In such case we labelled current leg...
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