USDJPY – A Look at the Weekly Chart of Dollar to Yen

USDJPY – A Look at the Weekly Chart of Dollar to Yen Key Highlights The US Dollar started trading higher after forming a base near 100 against the Japanese yen. The weekly chart of the USDJPY pair suggests a major upside move in USDJPY. Today, the Chinese housing price index, released by the National Bureau of Statistics posted a rise of 12.3% in Oct 2016. Late...
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NZDJPY – New Zealand Dollar in Clear Uptrend versus Japanese Yen

NZDJPY – New Zealand Dollar in Clear Uptrend versus Japanese Yen Key Highlights The New Zealand dollar is following a nice bullish trend versus the Japanese yen, and currently trading above the 77.00 support. There is a monster bullish trend line formed on the 4-hours chart of NZDJPY, which may continue to act as a support. In New Zealand, the Retail Sales figure ...
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EURJPY – Can Euro Continue Higher Vs Japanese Yen?

EURJPY – Can Euro Continue Higher Vs Japanese Yen? Key Highlights The Euro recently broke a major resistance area at 115.90-116.00 against the Japanese yen. There is a bullish trend line formed on the hourly chart of EURJPY, which is acting act as a support along with 116.00. Today, the Japanese Domestic Corporate Goods Price Index released by the Bank of Japan po...
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USDJPY – Can Dollar Overcome US Election Pressure?

USDJPY – Can Dollar Overcome US Election Pressure? Key Highlights The US Dollar spiked towards the 105.40 area against the Japanese yen, but found sellers. Earlier, the USDJPY pair broke a bullish trend line on the 4-hours, which ignited a downside move towards 102.50. Today, the Japanese Current Account released by the Ministry of Finance posted a trade surplus o...
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US Presidential Election: Here Is How You Can Plan Trading In Forex Market

One of the most awaited events of this year is round the corner, as on 8th November 2016, the financial market and investors will be keeping a close watch on the 2016 presidential elections in the USA. In a few days, we will know the next president. There are two candidates – Hillary Clinton, who belongs to the Democratic Party, and Donald Trump, who belongs to the Republican...
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USDJPY – Dollar Yen Awaits Economic Data; More Losses Eyed?

Key Highlights The US Dollar suffered losses recently, as it traded below the 104.00 support against the Japanese yen. There were two trend lines break noted on the 4-hours chart of USDJPY, which ignited a downside move towards 103.00. The US Initial Jobless Claims will be released by the US Department of Labor and forecasted to remain at 258K. The US ISM Non-Manu...
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AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance?

AUDJPY – Can Aussie Dollar Overcome The 80.00 Resistance? Key Highlights The Aussie dollar is currently trading in range against the Japanese yen, and facing monster resistance near 80.00. The hourly chart of the AUDJPY pair clearly shows how important is the 80.00 resistance. A break and close above the stated resistance may call for more gains in the near term. ...
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EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen?

EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen? Key Highlights The Euro surged higher recently after trading as low as 112.61 against the Japanese yen. The EURJPY pair traded with a positive bias this week, and broke a major bearish trend line on the 4-hours chart at 113.50. Today, the Japanese National Consumer Price Index released by the Statistics B...
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USDJPY – US Dollar Poised For Further Gains Vs Japanese Yen

USDJPY – US Dollar Poised For Further Gains Vs Japanese Yen Key Highlights The US dollar remained in an uptrend against the Japanese yen, as it moved above 104.00. There was a descending channel pattern formed on the 4-hours chart of USDJPY, which was broken to clear the 104.00 resistance. Today, the Consumer Confidence will be released by the Conference Board, wh...
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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...
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