Being contained by 85.89 key resistance, USDJPY pulled back to as low as 84.12. However, one more rise to re-test 85.89 resistance is still possible, a clear break above this level will indicate that the downtrend from...
The greenback still stays under pressure. Asian and European trading sessions: Euro: The euro received some support in the threshold on the state bond auction in Portugal, which was expected to show good results, following Spain and...
Investors’ optimism growing on Tuesday. Asian and European trading sessions: Euro: The EUR/USD pair managed to reach maximums at the $1,3145 level. Positive results of the bond auction in Spain and Ireland supported the euro. Investors’ optimism...
The drop of the greenback in the threshold of the FOMC meeting. Asian and European trading sessions: Euro: The EUR/USD pair strengthened above the $1,3100 mark. US Dollar: The greenback showed weakness as the expectations for the...
EURUSDThe pair stabilized above 61.8% Fibonacci to descend from 1.3332 to 1.2585, in addition to the bullish technical pattern continuing its affect by completing its formation last week at 1.2915.
USDJPY bounced strongly from 82.87 and is now facing 85.89 key resistance, a clear break above this level will suggesting that a cycle bottom has been formed on daily chart and the fall from 92.88 has completed,...
EURUSDThe pair stabilized above 1.3045 and thereby insuring yesterday’s suggested bullish trend’s continuation. Some negativity is appearing through momentum indicators which could cause some fluctuation and retest of the mentioned level before continuing the expected bullish trend today,...
USDJPY: The JPY is unquestionably in the midst of a very strong run against the USD as inferred from the tight channel this pair has been trading in. However, yesterday’s price action does represent the first breach...
EURUSDThe pair is trading between 61.8% and 50% correction, where Stochastic is heading to the downside as the pair is attempting to retest the level mentioned yesterday at 1.2915. From here, yesterday’s suggested scenario remains intact and we...
EURUSDThe pair was able to achieve the awaited breakout yesterday strongly as it closely neared 61.8% Fibonacci correction at 1.3045, where it reversed to the downside to resume some bearish correction for the volatile bullish wave;
