EURJPY – Euro’s Weakness Is Here To Stay Vs Japanese Yen

Key Highlights The Euro made a downside move recently against the Japanese yen, and traded below the 121.00 support level. The EURJPY pair also broke two bullish trend lines with support at 121.30 and 120.60 on the 4-hours chart. Today in Japan, the Nikkei Manufacturing PMI for March 2017 (preliminary reading) posted a decline from 53.3 to 52.6. Today, the Euro Zo...
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GBPUSD – Can British Pound Retest 1.2600 Vs US Dollar?

Key Highlights The British Pound traded with positive bias during the past few days and moved above 1.2400 against the US Dollar. The GBPUSD pair also broke a bearish trend line with resistance at 124.00 on the daily chart. The pair may now head towards another bearish trend line with resistance at 1.2580-1.2600 on the same chart. The UK Retail Sales figure for Fe...
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USDJPY – US Dollar Remains In Downtrend Vs Japanese Yen

Key Highlights The US Dollar fell sharply during the past few days, and moved below the 114.00 support against the Japanese yen. The USDJPY pair also broke a bullish trend line with support at 113.10 on the 4-hours chart. Today, the Japanese Merchandise Trade Balance for Feb 2017 released by the Ministry of Finance posted a trade surplus of ¥813.4B. The Japanese ...
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NZDUSD – Can New Zealand Dollar Retain Momentum Vs USD?

Key Highlights The New Zealand dollar after a dip towards the 0.6890 level against the US Dollar found support. The NZDUSD pair moved higher, and broke two bearish trend lines at 0.6920 and 0.7000 on the 4-hours chart. Today, the New Zealand Visitor Arrivals figure for Feb 2017 (YoY) released by the Statistics New Zealand posted a rise of 1.8%. Later today, the UK...
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EURUSD – Euro Positioning Well For More Gains Vs Dollar

Key Highlights The Euro remained above the 1.0700 support area against the US Dollar, and now looking for more gains. There are a couple of bullish trend lines with support at 1.0710 and 1.0620 formed on the 4-hours chart of EURUSD. Later today, the German Producer Price Index for Feb 2017 will be released by the Statistisches Bundesamt Deutschland with forecast as +...
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AUDUSD – What’s Next For Aussie Dollar Vs US Dollar?

Key Highlights The Aussie dollar failed once again this month near 0.7740 against the US Dollar, and moved down. The AUDUSD pair has a monster resistance near 0.7740-0.7760 on the DAILY chart, proving to be a major hurdle in the long term. Today, the Australian Employment Change for Feb 2017 released by the Australian Bureau of Statistics posted a change of -6.4K. ...
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EURUSD – The Big Picture For The Euro To Dollar

Key Highlights The Euro is likely to remain under a bearish pressure vs the US Dollar looking at the weekly chart. The EURUSD pair is well below the 100-week simple moving average and 1.0900, suggesting a bearish structure. Today, the Spanish House Price Index (QoQ) for Q1 2017 will be released by Spanish Government with forecast around 0.2%. Tomorrow, the German ...
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USDCAD – US Dollar Awaits NFP & Canadian Employment Change

Key Highlights The US Dollar formed a solid uptrend against the Canadian dollar and moved above 1.3400. There was a successful close above the 100-day simple moving average in USDCAD at 1.3280, which is a positive sign. Today, the US nonfarm payrolls figure for Feb 2017 will be released by the US Department of Labor, which is forecasted to register 190K, versus 227K ...
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GBPJPY – British Pound Bearish Bias Remains Intact Vs Japanese Yen

The British Pound failed to remain in the bullish zone vs the Japanese yen, and moved below 140.00. The GBPJPY pair is now facing many resistances on the upside near 139.60, and looking to extend downsides. On the upside, an initial resistance is near a bearish trend line at 139.60 on the 4-hours chart. However, the most important one is near 140.20. It coincides with the second bearish trend line, and the 100 simple moving average (H4).
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USDJPY – US Dollar Target Additional Gains Vs Japanese Yen

Key Highlights The US Dollar stayed above the 113.50 support against the Japanese yen, and look to extend gains. The USDJPY pair needs to clear a bearish trend line with resistance at 114.50 on the 4-hours chart to extend gains. Today in Japan, the Gross Domestic Product for Q1 2017 was released by the Cabinet Office, which registered a growth rate of 0.3%, vs the 0....
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