USDJPYs downward movement from 92.88 extended to as low as 83.34. Key resistance is now at 85.89, as long as this level holds, downtrend is expected to continue and deeper decline to 82.00 is still possible. However,...
The pair continues trading within the descending channel organizing the short term bearishness since July. After recently reaching the resistance for the channel the pair head to the downside targeting the support for the channel around 82.00.
EURUSDSMA 50 was able to halt the pair’s upside movement yesterday, where it managed to achieve a daily closing below the pivotal levels of 1.2775. This maintains the suggested bearish direction intact, supported by negative signs appearing on Stochastic.
EURUSDThe pair stabilized trading below 1.2770 – 1.2730 and thereby pointing out that it will resume the bearish short term trend after the temporary ascend that has started on the 24th of last month. Some fluctuation and...
EURUSDhe pair achieved that awaited primary targets around 1.2900 after insuring the bullish technical pattern shown previously, while momentum indicators have entered overbought areas; where we expect some fluctuation and a slant towards some minor bearish correction...
USDJPY is forming a cycle bottom at 83.62 level on daily chart. Range trading between 83.62 and 85.90 would more likely be seen in next several days. As long as 85.90 resistance holds, downtrend from 92.88 is...
EURUSDThe pair’s trading between the retested levels at 1.2770 and 61.8% Fibonacci levels at 1.2830 and it found difficulty in breaching due to the negative sings appearing on the four-hour chart momentum indicator.
EURUSDThe pair assured yesterday the forming of a rising technical pattern that was mentioned in our previous reports, but stopped at the 61.8% Fibonacci levels that is forming into a resistance,
EURUSDThe pair neared the awaited primary first target around 1.2625 rebounding to the upside due to the effect of bullish momentum appearing on the four hour chart, where the pair is losing this momentum ; whereas SMA 50...
EURUSDThe pair succeeded in achieving the suggested scenario yesterday, especially after breaching support for the rising wedge and heading to the downside due to the negative pressure, in addition to the MA 50. Momentum indicators are showing...
