EUR/USD – Euro to Retest 1.1700 Vs US Dollar?

Key Highlights The Euro tumbled this past week and broke the 1.1860 support against the US Dollar. There was a break below two important bullish trend lines with support near 1.1870 on the 4-hours chart of EUR/USD. Japan’s Nikkei Manufacturing PMI in September 2017 posted a rise from 52.6 to 52.9. Japan’s Tankan Large Manufacturing Index in Q3 2017 rose from 1...
Read More

USD/JPY – US Dollar Awaits NFP; Faces Barrier near 110.60 Vs Yen

Key Highlights The US Dollar has recovered sharply this week and traded above 110.00 against the Japanese Yen. There are two bearish trend lines positioned near 110.60 on the 4-hours chart of USD/JPY. Japan’s Nikkei Manufacturing PMI for August 2017 posted a minor decline from 52.8 to 52.2. Today, the US nonfarm payrolls for August 2017 will be released, which i...
Read More

USDJPY – Dollar To Yen Preparing For Another Decline

Key Highlights The US Dollar after a rejection just below 115.00 against the Japanese yen moved down sharply. A monster bearish trend line on the 4-hours chart of USDJPY protected further gains near 114.95. Today, the Japanese Nikkei Manufacturing PMI preliminary reading for Feb 2017 was released, which came in at 53.5 vs the 52.1 forecast. Today, the US Manufactu...
Read More

USDJPY – US Dollar Poised For Further Gains Vs Japanese Yen

Key Highlights The US Dollar after a correction towards the 116.00 handle against the Japanese yen found support. The USDJPY pair traded higher, and managed to break a bearish trend line on the 4-hours chart at 117.40. The pair currently looks set for more upsides, as the trend is positive for the greenback. Today in Japan, the Nikkei Manufacturing Purchasing Mana...
Read More

GBPJPY – British Pound Increasingly Bullish Vs Japanese Yen

GBPJPY – British Pound Increasingly Bullish Vs Japanese Yen Key Highlights The British Pound remained in an uptrend against the Japanese yen and trading above the 137.00 support area. There is a monster triangle pattern formed on the 4-hours chart of GBPJPY, acting as a catalyst for an upside move. More gains are likely in GBPJPY as long as the pair is above the t...
Read More

EURUSD – Euro Might Decline Further Vs USD

EURUSD – Euro Might Decline Further Vs USD Key Highlights The Euro faced a lot of selling pressure lately against the US Dollar, moving below the 1.0900 support area. There is a minor bearish trend line formed on the hourly chart of EURUSD, which may act as a resistance near 1.0880. Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) will released b...
Read More