EUR/JPY Breaches Support Cluster At 131.75
The Eurozone single currency depreciated about 100 base points against the Japanese Yen on Thursday. The currency pair is near a support cluster formed by the weekly and the monthly PPs at 131.85 during the morning hours of Friday’s trading...
EUR/USD Slumps To 1.1620
The European Single Currency depreciated 1.04% against the US Dollar since Thursday’s session. The rate was located at the 1.1629 mark on Friday morning. In regards to the near future, most likely, the rate will move down towards the monthly...
USD/JPY Continues With Bullish Momentum After False Breakout
The USD/JPY tried to break below the support trend line (green) of the uptrend channel but ultimately failed and the uptrend is back into play. The bulls could be aiming at the Fibonacci targetsat 113.75 or 115. The USD/JPY ultimately...
USDJPY Could Soon Test 114.10 Level
The US dollar has moved to a fresh 2018 trading high against the Japanese yen currency, as the greenback strengthens across the board. Buyers have now broken above the 113.17 level, triggering the bullish inverted head and shoulder pattern with...
Turkish Lira Maintains Bullish Near-Term Tone and Eyes Key Support at 5.6875
Turkish lira extends gains vs the US dollar and hit the highest levels in six weeks on Thursday. Recent action of Turkish central bank which rose interest rates by unexpected 625 basis points, started to give stronger results. Investors need...
Gold: Downside Pressure Increases after Hawkish Fed and Upbeat US data
Spot Gold holds in red for the second consecutive day and broke below psychological $1200 support on Thursday. As expected, US interest rate change sensitive gold reacted negatively after Fed announced the third rate hike this year on Wednesday and...
EUR/USD The Bias Remains Bullish
Pivot (invalidation): 1.1725 Our preference Long positions above 1.1725 with targets at 1.1775 & 1.1795 in extension. Alternative scenario Below 1.1725 look for further downside with 1.1710 & 1.1690 as targets. – advertisement –
Comment The RSI is mixed...
USD/JPY Under Pressure
Pivot (invalidation): 112.90 Our preference Short positions below 112.90 with targets at 112.60 & 112.45 in extension. Alternative scenario Above 112.90 look for further upside with 113.05 & 113.15 as targets. – advertisement –
Comment The index currently faces...
EURGBP Moves Back into Cloud; Reverts to Neutral Mode
EURGBP has retreated significantly from the more than one-year high of 0.9098 touched at the end of August and appears once again to be struggling for direction. Prices have been drifting inside the Ichimoku cloud during the past couple of...
Gold on Watch as FOMC Decision Looms
Although lower today, gold has been a lot more stable in recent times ever since hitting a low of $1160 in mid-August. From there, gold staged recovery to reach a high so far of just under $1215 around end of...
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