EURUSD Trading Near Crucial Juncture

EURUSD Trading Near Crucial Juncture Key Highlights             Euro after trading close to the 1.1380 resistance area against the US Dollar found sellers and started to move down. There is a bullish trend line formed on the hourly chart, which is acting as a support and preventing major losses. The EURUSD pair is below the 100 hourly simple moving average...
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USDJPY Stuck In Crucial Range, What’s Possible?

USDJPY Stuck In Crucial Range, What’s Possible? Key Highlights             US Dollar traded higher yesterday against the Japanese Yen, but found sellers later on. There is a bullish trend line formed on the hourly chart, which is currently acting as a hurdle for sellers and protecting a break. In the US, the total Net TIC Flows released by the US Departm...
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USDCAD: Can Dollar Recover?

USDCAD: Can Dollar Recover Or Fall Against Canadian Dollar? Key Highlights             US Dollar traded down against the Canadian Dollar, and it looks like poised for more losses if buyers lose control. There is a major bearish trend line formed on the 4-hours chart, which may act as a solid resistance if the pair moves or corrects higher. In the US, the C...
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EURUSD Facing Important Resistance Zone

EURUSD Facing Important Resistance Zone Key Highlights             Euro after trading down towards the 1.1060 area against the US Dollar found support, and currently attempting to correct higher. EURUSD is facing an important resistance area near the 100 hourly simple moving average, which may ignite another downside move. There is also a critical bearish ...
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AUDUSD Looks Poised For More Losses

AUDUSD Looks Poised For More Losses Key Highlights             Aussie Dollar after making a short-term high against the US Dollar at 0.7258 moved lower. There were a couple of support trend lines on the hourly chart, which were broken to take the AUDUSD pair down. Australia’s Construction Work Done released by the Australian Bureau of Statistics posted a...
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