USDJPY Weekly Analysis – July 2, 2017
USDJPY is now in uptrend from 108.81. Further rise to retest 115.50 key resistance is possible in the coming days. A break of this level will signal resumption of the long term uptrend from 98.87 (Jun 24,...
Month: July 2017
AUDUSD Weekly Analysis – July 2, 2017
AUDUSD continued its upside movement from 0.7328 and the rise extended to as high as 0.7712, facing the resistance of 0.7749. A break of this level will confirm that the longer term uptrend from 0.7158 has resumed,...
GBPUSD Weekly Analysis – July 2, 2017
GBPUSD broke above 1.2870 resistance and is now facing 1.3047 resistance. A break of this level will confirm that the upward movement from 1.1987 has resumed, then next target would be at around 1.3200, followed by 1.3950....
EURUSD Weekly Analysis – July 2, 2017
EURUSD’s bullish movement from 1.0340 extended to as high as 1.1445, facing the 1.1450 key resistance. A clear break above this level will trigger a long term bullish movement towards 1.2700. Near term support is at the...
USD/JPY Forecast July 3, 2017, Technical Analysis
The US dollar went sideways against the Japanese yen during the Friday session, as we continue to grind around the 112 level. I believe that if we can break above the top of the range for the...
USD/CAD Forecast July 3, 2017, Technical Analysis
The US dollar initially fell during the Friday session, but you can see we are trying to fight to the upside. If we can break above the 1.30 level, that would be a bullish sign, and it...
GBP/USD Forecast July 3, 2017, Technical Analysis
The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last couple of sessions, so a pullback is healthy. If we...
EUR/USD Forecast July 3, 2017, Technical Analysis
The EUR/USD pair pulled back slightly during the day on Friday, as one would expect as we had gotten overextended. A pull back the show signs of support should be a buying opportunity though, and that’s exactly...
AUD/USD Forecast July 3, 2017, Technical Analysis
The Australian dollar rallied initially during the day, testing the 0.77 level above. We pulled back though, and now looks like the 24-hour exponential moving average is trying to offer dynamic support that should push the market...