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...
Read More

USDJPY – Japanese Yen Proving Its Safe Haven Status

USDJPY – Japanese Yen Proving Its Safe Haven Status Key Highlights US Dollar faced a lot of selling pressure against the Japanese yen post the Brexit decision, as the USDJPY pair declined heavily. There was a sharp downside move in USDJPY, taking the pair below a major support area of 104.00-103.60. In the US today, the Gross Domestic Product Annualized will be re...
Read More

AUDJPY – Risk of Further Losses In Aussie Dollar Vs Yen

AUDJPY - Risk of Further Losses In Aussie Dollar Vs Yen Key Highlights Aussie Dollar recently traded higher vs the Japanese yen, but the real question is whether it can continue to gain bids. There was a bearish trend line formed on the hourly chart of the AUDJPY pair, which was cleared by the bulls during the upside move. Australian Building Permits released by the...
Read More

USDCHF – Swiss Franc Continues To Gain Traction

USDCHF – Swiss Franc Continues To Gain Traction Key Highlights             US Dollar struggled against the Swiss Franc, and traded down below the 0.9700 support area. There was a major support trend line formed on the 4-hours chart of USDCHF, which was broken to clear the way for more losses. In the US, the Consumer Confidence released by the Conference ...
Read More

USDCAD – Buying Dips Favored?

USDCAD – Buying Dips Favored? Key Highlights             US Dollar traded higher against the Canadian Dollar during the Asian session, and moved closer to the 1.4300 area. The stated level in the USDCAD pair represents a major resistance and may ignite a short-term correction. Today in the US, the Services Purchasing Managers Index (PMI) will be released...
Read More

USDJPY – US Dollar On Declining Path Against Yen

US Dollar On Declining Path Against Yen, Can it Recover? Key Highlights             US Dollar moved lower against the Japanese Yen, and currently looks set for more losses. There is a major bearish trend line formed on the hourly chart, which may act as a resistance moving ahead. On the downside, a support trend line is holding losses which if broken may c...
Read More

US Dollar Nosedives as Sentiment Faded

Key Highlights US dollar traded sharply lower against a basket of currencies including the Euro and the Swiss franc, and looks set for more losses. US Consumer Confidence released by the Conference Board declined to 95.2 in April 2015. Richmond Fed Manufacturing Index also fell to -3 in April, compared to the forecast of -2. US S&P/Case-Shiller Home Price Index ma...
Read More

12