GBPUSD – More Declines Likely?

GBPUSD – More Declines Likely or Can it Recover? Key Highlights             British Pound continued to struggle to recover even 50 pips against the US Dollar. GBPUSD traded lower and tested the 1.4235-40 support area where buyers defended the downside. There is a major release in the UK today, as the Consumer Price Index will be published by the National...
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AUDJPY- 200 SMA (H4) Remains Barrier

AUDJPY- 200 SMA (H4) Remains Barrier, Can Buyers Break It? Key Highlights             Aussie Dollar traded higher against the Japanese Yen, but finding it tough to break the 200 simple moving average (H4). AUDJPY has a couple of bullish trend lines formed on the 4-hours chart, which may play a major role moving ahead. Today, there were several economic rel...
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USDJPY – Perfect Failure, More Losses Ahead?

USDJPY – Perfect Failure, More Losses Ahead? Key Highlights             US Dollar failed around the 100-day simple moving average against the Japanese Yen and moved down. The USDJPY pair fell sharply, and it looks like sellers are in control in the short term. In the US, the Initial Jobless Claims report will released by the US Department of Labor, which...
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EURGBP – Critical Break, More Losses On Cards?

EURGBP – Critical Break, More Losses On Cards? Key Highlights             The Euro moved down against the British Pound and broke a major support area. There was a contracting triangle pattern formed on the hourly chart of the EURGBP pair, which was broken during the Asian session. Today, the German Unemployment Change will be published by the German Sta...
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NZDJPY – Can New Zealand Dollar Climb?

NZDJPY – Can New Zealand Dollar Climb? Key Highlights             New Zealand Dollar after trading lower against the Japanese Yen found support near a major bullish trend line formed on the 4-hours chart. There is a major support formed near 77.60, which if holds may push the NZDJPY pair higher. Today, the New Zealand Employment Change was reported by th...
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EURUSD – Sellers Eye Break and Downside Move

EURUSD – Sellers Eye Break and Downside Move Key Highlights             Euro traded higher this past week, but the upside move remains at a risk as sellers started to step in. The EURUSD pair has formed a bullish trend line on the hourly chart, which is currently providing support. Today, a low risk event, which is the Sentix Investor Confidence will be ...
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AUDUSD Looks Poised For More Losses

AUDUSD Looks Poised For More Losses Key Highlights             Aussie Dollar traded lower this week against the US Dollar and looks set for more declines. There was a support trend line formed on the hourly chart, which was cleared to open the doors for more losses. Today in Australia, the National Australia Bank Business Confidence was released, which cam...
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USDCHF Eyes Fed’s Yellen For Next Move

USDCHF Eyes Fed's Yellen For Next Move Key Highlights             US Dollar declined heavily against the Swiss Franc this week and even moved below the 0.9900-0.9800 support area. There was a support trend line formed on the daily chart, which was broken during the downside drift. Today, there is a major event in the US, as Fed's Yellen will testify that c...
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NZDUSD Poised For More Gains

NZDUSD Poised For More Gains, Are You Buying? Key Highlights             New Zealand Dollar enjoyed a decent rally against the US Dollar, and currently challenging the 0.6710-40 resistance area. There is a support trend line formed on the 4-hours chart, which may play a major role for buyers and sellers in the short term. Today, the US Initial Jobless Clai...
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AUDJPY – Can it Correct Higher?

AUDJPY – Can it Correct Higher? Key Highlights             Aussie Dollar traded down against the Japanese Yen, but found support around the 77.60 levels. There are a couple of bearish trend lines formed on the 4-hours chart, which may stall gains in the AUDJPY pair if it continues to correct higher. Today, the Australian Home Loans data released by the A...
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