USD/JPY Remains Well Supported On Dips

Key Highlights The US Dollar found support near 110.75 and rebounded against the Japanese Yen. A major bullish trend line is formed with support at 111.15 on the 4-hour chart of USD/JPY. The US Initial Jobless Claims for the week ending March 19, 2019 increased from 223K o 229K. The US Industrial Production report for Feb 2019 will be released today, which may ris...
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Downsides In USD/JPY Remains Supported

Key Highlights The US Dollar climbed higher recently above the 112.00 level against the Japanese Yen. There is a strong support formed near the 111.20 level on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 26, 2019 declined from 226K to 223K. The US nonfarm payrolls for Feb 2019 will be released today, which could post 180K, d...
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USD/CHF Could Revisit February 2019 Highs

Key Highlights The US Dollar gained traction above the 1.0000 resistance against the Swiss Franc. USD/CHF broke a crucial bearish trend line at 0.9995 on the 4-hours chart. The US ADP Employment declined from the last revised reading of 300K to 183K in Feb 2019. The US Initial Jobless Claims for the week ending Feb 26, 2019 will be released today, which could rema...
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USD/CAD In Strong Downtrend Below 1.3200

Key Highlights The US Dollar declined heavily and settled below 1.3200 against the Canadian Dollar. There is a crucial declining channel in place with resistance at 1.3200 on the 4-hours chart of USD/CAD. Canada’s CPI increased 0.1% (MoM) in Jan 2019, less than the 0.2% forecast. The US Gross Domestic Product for Q4 2018 (Preliminary) will be released today, whi...
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USD/JPY Remains In Uptrend Above 110.20

Key Highlights The US Dollar traded higher recently and broke the 110.80 resistance against the Japanese Yen. There is a strong support and bullish trend line formed near 110.20 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 17, 2019 declined from 239K to 216K. The Euro Zone CPI for Jan 2019 will be released today, which cou...
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USD/JPY Hesitates, But Further Gains Likely

Key Highlights The US Dollar climbed higher recently, but it failed near the 110.15 resistance against the Japanese Yen. Earlier, there was a break above a bearish trend line at 109.60 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 02, 2019 declined from 253K to 234K. Canada’s Employment Figure for Jan 2019 will be release...
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AUD/USD Signaling Bearish Continuation Below 0.7150

Key Highlights The Aussie Dollar declined recently and broke the 0.7200 support against the US Dollar. There was a break below a major contracting triangle with support at 0.7208 on the 4-hours chart of AUD/USD. The US Trade Balance in Nov 2018 posted a deficit of $-49.3B, less than the $-54.0B forecast. The US Initial Jobless Claims for the week ending Feb 02, 20...
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USD/JPY Forms Key Top Ahead of US NFP

Key Highlights The US Dollar failed to break the 110.00 resistance and declined against the Japanese Yen. There is a major bearish trend line formed with resistance near 109.40 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 26, 2019 increased from 200K to 253K. The US Nonfarm Payrolls figure for Jan 2019 will be released today...
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USD/JPY Remains Supported On Dips Near 109.20

Key Highlights The US Dollar traded towards the 110.00 level recently and later corrected lower against the Japanese Yen. There is a crucial bullish trend line formed with support at 109.30 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 19, 2019 declined from 212K to 199K. The German IFO Business Climate Index for Jan 2019 w...
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USD/CAD Could Extend Recovery Above 1.3400

Key Highlights The US Dollar started a decent recovery after testing the 1.3200 support against the Canadian Dollar. There is a major ascending channel formed with support at 1.3280 on the 4-hours chart of USD/CAD. Canada’s Retail Sales declined 0.9% in Nov 2018 (MoM), compared with the -0.6% forecast. The US Manufacturing PMI for Jan 2019 (Prelim) will be relea...
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