EURJPY – Euro Looks To Extend Losses Vs Japanese Yen

Key Highlights 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...
Read More

EURUSD – Euro Poised For Further Gains Vs USD

Key Highlights 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...
Read More

USDCAD – US Dollar Remains Buy On Dips Vs CAD?

Key Highlights 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 ...
Read More

USDJPY – Dollar To Yen Faces A Crucial Resistance Near 115.00

Key Highlights 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...
Read More

GBPUSD – British Pound Recovers Well From 1.2000 Vs Dollar

GBPUSD – British Pound Recovers Well From 1.2000 Vs Dollar Key Highlights 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...
Read More

NZDUSD – New Zealand Dollar Remains In Driver’s Seat Vs USD

NZDUSD – New Zealand Dollar Remains In Driver’s Seat Vs USD Key Highlights 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 ...
Read More

EURUSD – Euro Continues To Struggle Near 1.0660-1.0670

EURUSD – Euro Continues To Struggle Near 1.0660-1.0670 Key Highlights 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...
Read More

AUDUSD – Can Aussie Dollar Trade Towards 0.7600 Vs USD?

AUDUSD – Can Aussie Dollar Trade Towards 0.7600 Vs USD? Key Highlights 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...
Read More

EURJPY – Euro Declines Below 122.00 Support Vs Japanese Yen

EURJPY – Euro Declines Below 122.00 Support Vs Japanese Yen Key Highlights 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 ...
Read More

USDJPY – A Look At The Daily Chart of Dollar To Yen

USDJPY – A Look At The Daily Chart of Dollar To Yen Key Highlights 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...
Read More

12...102030...»