Technical analysis of Forex market

USDJPY Struhhling With 113.37 Resistance Level

The US dollar is struggling to break above the 113.37 resistance level against the Japanese yen currency, as traders remain cautious ahead of the US mid-term elections. The overall sentiment ...

GBPUSD Buyers Firmly In Control

The British pound continues to trade to the upside against the US dollar despite much weaker than expected PMI Services data from the UK economy during the month of October ...

GBPUSD Outlook: Limited Impact from Upbeat US NFP Data But Bulls May Hold in Extended Consolidation Before Resuming

Cable dipped to the session low at 1.2982 after US jobs data beat, which inflated dollar, but pound’s weakness was so far limited. US No-Farm payrolls jumped to 250K in ...

NZDJPY Challenges 3-Month Highs, Short-Term Outlook Still Neutral

NZDJPY soared in recent sessions, before it met resistance near the crossroads of the 75.60 zone and its 200-day exponential moving average (EMA), and subsequently pulled back somewhat. The inability ...

GER 30 Index Bullish In Short-Term At 11-Day High, Remains Bearish In Medium Term

The Germany 30 index advanced by roughly 600 points after hitting its lowest since December 2016 at 11,047.80 in late October. Moreover, the benchmark is looking set to record its ...

EURUSD Now Bullish Above 1.1431 Level

The euro currency has continued to recover higher against the US dollar, with the price now trading firmly above the 1.1400 level ahead of the release of the US monthly ...

USDJPY Key Levels To Watch Into The US Session

The US dollar is trading lower against the Japanese yen, ahead of the release of the US Nonfarm Payrolls job report for the month of October. Price has once again ...

NZD/USD Analysis: Awaits Non-Farm Payrolls

The New Zealand Dollar appreciated about 130 base points against the US Dollar on Thursday. The currency dashed through the weekly R1 at 0.6623 during the end of the previous ...

USD/CAD Analysis: Awaits Fundamental Releases

The Greenback has continued its decline against the Canadian Dollar. The currency pair tested the lower boundary of an ascending trendline at 1.3054 during the Asian session on Friday. Everything ...

WTI Oil Outlook: Bears Take A Breather Ahead Of Fresh Downside

WTI oil is consolidating above new seven-month low at $63.10, hit on Thursday after steep four-day fall from $67.93 lower top. Easing global supply concerns on increased production of world’s ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...