EUR/JPY Analysis: Brief Pullback Likely
Upside risks dominated the common European currency against the Japanese Yen on Thursday. The EUR/JPY exchange rate ended yesterday’s session with 0.92% gains. The currency pair breached the upper boundary of a medium-term descending channel at 128.78 during the morning...
AUD/USD Analysis: Awaits Macroeconomic Data Releases
Upside risks prevailed in the market on Thursday, thus sending the Australian Dollar to surged more than 100 base points against the US Dollar. The currency pair broke a dominant descending channel during the first half of Friday’s session. By...
EURUSD Outlook: Strong Recovery Extends Ahead Of US Jobs Data
The Euro holds strong bullish tone on Friday and extends recovery rally from 1.1302 low into second day. After falling 10SMA, which limited Thursday’s action, was taken out, bulls generated fresh signal on break above double-Fibo pivot at 1.1423 (38.2%...
GBPJPY Rally Keeps Broader Bias Higher Towards 147.57 Area
GBPJPY rally keeps broader bias higher with more strength towards the 147.57 level. Further out, resistance resides at the 148.00 level followed by the 148.50 level. A cut through that level will open the door towards the 149.00 level. Above...
USD/CHF: False Break to 17-Month Highs or a Mere Hesitation?
As you might expect from the undeniably “risk-off” tone throughout the month of October, the “safe haven” Japanese yen was last month’s best-performing major currency. The big surprise, however, came from a different safe haven currency; the Swiss franc was...
EURAUD Bearish as it Touches 2-month Low
EURAUD lost more than 500 pips after touching a more than three-year high on October 11. Earlier on Thursday, it hit a two-month low of 1.5821. The Tenkan- and Kijun-sen lines are negatively aligned in support of a bearish short-term...
USDCHF Takes the Back Seat after Hitting 20-Month Highs
USDCHF topped at 1.009 on Wednesday, at the highest since March 2017, but with the RSI in the four-hour chart fluctuating near its 70 overbought threshold in the past couple of days, chances for a downside reversal were high and...
NZDUSD Eases A Bit Following Sharp Upside Rally
NZDUSD recorded a stunning rally over the last three sessions in the 4-hour chart, creating a new one-month high of 0.6615. Currently, though, the pair is on the backfoot and the technical indicators suggest that the market could ease a...
Dollar index Probes above Key Resistance after Upbeat Private Jobs Data
The dollar index which track performance of the US dollar against the basket of major world currencies, hit new over sixteen-month high on Wednesday. The greenback extended larger rally from September’s base at 93.40 and probed above key short-term barrier...
Japan 225 Index Regains Some Ground after Rebound on 20780
The Japan 225 index has been outperforming since yesterday following the bounce off the 20780 support level. The aggressive bullish scenario is confirmed by the technical indicators; the RSI jumped higher from the oversold zone, sloping upwards, while the MACD...
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