USDJPY Intraday Recovery Remains Weak
The US dollar is attempting to move higher against the Japanese yen currency as demand for the greenback returns after early week selling. The short-term recovery in the USDJPY pair remains fairly muted, given the recent decline towards the 110.26...
GBPUSD Continues To Retain Its Bearish Threats
GBPUSD continues to retain its bearish threats as it looks to resume broader medium term weakness. Support is seen at 1.2600 level. Further down, support comes in at the 1.2550 level where a break will turn focus to the 1.2500...
EURUSD Catches a Bid after a Negative Week
EURUSD changed direction to the upside after touching the upper surface of the Ichimoku cloud in the four-hour chart but stronger evidence is needed to support that the recovery could hold for longer, as the RSI is still close to...
USDJPY Meets 200-day MA in Oversold Area
USDJPY closed marginally above the 200-day simple moving average (MA) last week, marking its second worst weekly performance for this year. With the RSI moving around its 30 oversold threshold and the Stochastics being ready to post a bullish cross...
CRYPTOS: Ethereum Up 86% From Its Recent Low
Ethereum has a remarkable recovery during the month of December As for Bitcoin, bulls are confident that path of the lest resistance may be skewed towards the upside as the Bitcoin price has decided to stay above the 4000. As...
Forex Forecast and Cryptocurrencies
First, a review of last week’s events: EUR/USD. Despite the fact that, on the eve of the US Federal Reserve interest rate increase, 70% of experts, supported by 100% indicators, expected the dollar to strengthen, nothing of the kind happened....
USD/JPY Outlook: The Dollar Consolidates After 1% Fall, Bears Look For Extension Below Key 200SMA/Fibo Supports
The pair consolidates after the biggest one-day fall since early Jan on Thursday. Strong risk-off mode on growing concerns about global growth and fall in oil prices keep the dollar under pressure, with no positive impact from less dovish than...
GBPUSD Trapped Inside Wedge Pattern
The British pound is maintaining upside pressure on the US dollar on Friday, with short-term buyers still holding price around the 1.2660. The GBPUSD pair is currently trapped within a rising wedge pattern on the lower time frames, with a...
EURUSD Attempting To Recover
The euro is attempting to recover higher against the US dollar after dropping towards the 1.1410 support level during the European trading session. The EURUSD pair is once again testing around the pivotal 1.1430 level, where the next directional move...
GBPJPY Stabilizes At 4-Month Lows, Decline Looks Oversold
GBPJPY paused selling at a four-month low of 140.55 on Thursday, with the RSI hinting that a rebound could possibly take place in the four-hour chart as the indicator is fluctuating below 30 in oversold territory for the second day....
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