January 24th, 2017 by Aayush Jindal in EURJPY, Fundamental Analysis, Market Analysis, Technical Analysis
The Euro recently failed near 122.80-123.00 against the Japanese yen, and moved down.
There was a connecting bearish trend line on the 4-hours chart of EURJPY at 122.65, which acted as a resistance.
The pair is also below the 100 and 200 simple moving average (H4), signaling more declines.
In the Euro Zone today, the Manufacturing Purchasing Manager...
January 23rd, 2017 by Aayush Jindal in EURUSD, Fundamental Analysis, Market Analysis, Technical Analysis
The Euro managed to move higher against the US Dollar and traded above 1.0700.
There is an ascending channel pattern formed on the 4-hours chart of EURUSD with support near 1.0700 and resistance at 1.0750.
The pair is reaching the resistance area where there is a chance of a minor reaction near 1.0750.
In the Euro Area today, the Consumer Confidence...
January 20th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDCAD
The US Dollar traded higher towards 1.3350 against the Canadian dollar before starting a correction.
There is a bullish trend line on the hourly chart of USDCAD, which is holding the downside near 1.3280.
The Chinese Gross Domestic Product (GDP) released by the National Bureau of Statistics of China posted an increase of 6.8% in Q4 2016, more than the ...
January 19th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDJPY
The US Dollar remained under heavy bearish pressure vs the Japanese yen and moved below 115.00.
There are many resistances on the upside, including a bearish trend line at 115.20 on the 4-hours chart of USDJPY.
The US Consumer Price Index released by the US Bureau of Labor Statistics recently posted an increase of +0.3% in Dec 2016, compared with the f...
January 18th, 2017 by Aayush Jindal in Fundamental Analysis, GBPUSD, Market Analysis, Technical Analysis
GBPUSD – British Pound Recovers Well From 1.2000 Vs Dollar
The British Pound after weakening towards 1.2000 against the US Dollar found support and traded higher.
The GBPUSD pair bounced sharply, breaking the 1.2200 resistance and a couple of bearish trend lines on the 4-hours chart.
Today, the UK Claimant Count Change figure will be released by the...
January 17th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, NZDUSD, Technical Analysis
NZDUSD – New Zealand Dollar Remains In Driver’s Seat Vs USD
The New Zealand Dollar remained in an uptrend against the US Dollar with support near 0.7050.
There is a major bullish trend line with support at 0.7050 on the 4-hours chart of NZDUSD.
New Zealand NZIER Business Confidence released by the New Zealand Institute of Economic Research posted ...
January 16th, 2017 by Aayush Jindal in EURUSD, Fundamental Analysis, Market Analysis, Technical Analysis
EURUSD – Euro Continues To Struggle Near 1.0660-1.0670
The Euro traded higher this past week, but failed to break a major resistance area near 1.0660-1.0670.
There are a couple of connecting resistance trend lines formed on the 4-hours chart of EURUSD, acting as a hurdle near 1.0660-1.0670.
Today in the Euro Zone, the Italian Consumer Price Index wi...
January 13th, 2017 by Aayush Jindal in AUDUSD, Fundamental Analysis, Market Analysis, Technical Analysis
AUDUSD – Can Aussie Dollar Trade Towards 0.7600 Vs USD?
The Aussie dollar maintained a heavy bid tone against the US Dollar, and settled above 0.7400.
At the moment, the AUDUSD pair is facing a monster resistance area near 0.7520-40, which is a pivot area on the 4-hours chart.
Today, the Chinese Trade Balance released by the General Administration o...
January 12th, 2017 by Aayush Jindal in EURJPY, Fundamental Analysis, Market Analysis, Technical Analysis
EURJPY – Euro Declines Below 122.00 Support Vs Japanese Yen
The Euro remained under selling pressure against the Japanese yen, and broke the 122.00 support area.
There was a monster triangle pattern formed on the 4-hour chart of EURJPY with support at 122.00.
The Japanese Current Account released by the Ministry of Finance posted a trade surplus of ...
January 11th, 2017 by Aayush Jindal in Fundamental Analysis, Market Analysis, Technical Analysis, USDJPY
USDJPY – A Look At The Daily Chart of Dollar To Yen
The US Dollar may be setting up a short-term top near 118.60 against the Japanese yen.
There were two bullish trend lines on the daily chart of USDJPY, which were broken to clear the doors for more losses towards 116.00.
The Japanese Consumer Confidence released by the Cabinet Office recently poste...