USD/JPY Recovery Failed Near Key Resistance

Key Highlights The US Dollar found support near 109.20 and recently recovered against the Japanese Yen. USD/JPY failed near 109.90 and remained below a key bearish trend line on the 4-hours chart.The US GDP grew 3.1% in Q1 2019, according to the "second" estimate.The US Personal Income in April 2019 could rise 0.3% (MoM), more than the last +0.1%. USDJPY Technical Analys...
Read More

GBP/USD In Significant Downtrend Below 1.3000

Key Highlights The British Pound traded to a new monthly low at 1.2865 against the US Dollar.A major bearish trend line is forming with resistance near 1.2980 on the 4-hours chart of GBP/USD.The US Personal Income in March 2019 (MoM) increased 0.1%, less than the 0.4% forecast.The US Pending Home Sales could rise 0.5% in March 2019 (MoM). GBPUSD Technical Analysis Ear...
Read More

USD/JPY Could Struggle Near 111.00 Resistance

Key Highlights The US Dollar found support near 109.70 and recently rebounded higher against the Japanese Yen. A crucial resistance is formed near the 111.00 zone on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 23, 2019 declined from 216K to 211K. The US Personal Income for Feb 2019 is likely to increase 0.3% (MoM). USDJ...
Read More

USD/JPY Could Correct Lower In Short Term

Key Highlights The US Dollar failed again to break the 114.00 resistance area against the Japanese Yen. There is a key bearish trend line formed with resistance at 114.00 on the 4-hours chart of USD/JPY. The Tokyo Consumer Price Index increased 0.8% (YoY) in Nov 2018, less than the market forecast of 1.0%. Today in the US, the Chicago Purchasing Manager’s Index ...
Read More

EUR/USD Turned Bearish Below 1.1500

Key Highlights The Euro declined further and traded towards 1.1340 against the US Dollar. There is a major bearish trend line formed with resistance at 1.1460 on the 4-hours chart of EUR/USD. The US Gross Domestic Product for Q3 2018 (Preliminary) increased 3.5%, better than the 3.3% forecast. Today, the US Personal Income for Sep 2018 (MoM) will be released, whic...
Read More

USD/JPY Remains Bullish Above 110.80

Key Highlights The US Dollar traded higher this week and settled above the 110.80 resistance against the Japanese Yen. There was a break above an important bearish trend line with resistance at 110.86 on the 4-hour chart of USD/JPY. The US Personal Income in July 2018 increased 0.3% (MoM), less than the last increase of 0.4%. Tokyo’s Consumer Price Index ex Fres...
Read More

AUD/USD in Slow and Steady Uptrend

Key Highlights The Aussie Dollar moved higher this past week and broke the 0.8000 resistance against the US Dollar. There is a crucial ascending channel forming with current support at 0.8060 on the 4-hours chart of AUD/USD. The pair may continue to rise as long as it is above the 0.8000 support level. The US Personal Income rose 0.4% in Dec 2017, more than the fo...
Read More

EUR/USD Remains Buy on Dips Near 1.2320

  Key Highlights The Euro gained heavily this past week and traded a few pips above 1.2500 against the US Dollar. There is a major bullish trend line forming with current support at 1.2320 on the 4-hours chart of EUR/USD. The pair is currently correcting lower, but it remains supported above 1.2280 and 1.2320. The US Personal Income figures for Dec 2017 will...
Read More

EUR/USD – Euro Breaks Key Support Vs US Dollar

Key Highlights The Euro moved down sharply this past week and traded below 1.1700 against the US Dollar. There was a break below a crucial triangle support at 1.1735 on the 4-hours chart of EUR/USD. The US Gross Domestic Product (Q3 2017) (Annualized) (Prelim) posted a growth of 3%, more than the forecast of 2.5%. Today, the Euro Zone Economic Confidence for Oct 2...
Read More

NZD/USD – Can New Zealand Dollar Hold 100-day SMA Vs US Dollar?

Key Highlights The New Zealand Dollar started a downtrend from the 0.7550-0.7560 area against the US Dollar. There was a break below a crucial bullish trend line with support at 0.7380 on the 4-hours chart of NZD/USD. The Preliminary release of the US GDP for Q2 2017 points an annualized increase of 3%, more than the +2.7% forecast. ANZ Business Confidence in New ...
Read More

12