EUR/USD Could Struggle To Rebound Above 1.1020

Key Highlights The Euro started an upside correction from the 1.0879 low against the US Dollar. EUR/USD managed to surpass a bearish trend line at 1.0965 on the 4-hours chart.The US nonfarm payrolls increased 136K in Sep 2019, less than the market forecast of 145K.The US unemployment rate declined to 3.5%, lowest since December 1969. EUR/USD Technical Analysis The Eur...
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USD/JPY Gaining Bullish Momentum, US NFP Report Next

Key Highlights The US Dollar gained momentum above the 106.80 resistance against the Japanese Yen. USD/JPY broke a crucial bearish trend line with resistance near 106.50 on the 4-hours chart.The US ISM Non-Manufacturing PMI increased from 53.7 to 56.4 in August 2019.The US nonfarm payrolls in August 2019 could increase 158K, less than the last 164K. USD/JPY Technical Ana...
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EUR/USD Remains Vulnerable Below 1.1250

Key Highlights The Euro declined heavily, tested 1.1140, and recently bounced back against the US Dollar.A key bullish trend line is forming with support near 1.1170 on the 4-hours chart of EUR/USD.The US Nonfarm Payrolls increased 263K in April 2019, better than the 185K forecast.The Euro Zone Services PMI in April 2019 is likely to remain stable at 52.5. EURUSD Technic...
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USD/JPY Range Bound Below Key 112.00 Resistance

Key Highlights The US Dollar failed to hold gains above 112.20 and declined recently against the Japanese Yen.A crucial bearish trend line in place with resistance near 111.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending April 27, 2019 were unchanged from 230K.The US nonfarm payrolls in April 2019 could decline from 196K to 185K. USDJP...
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EUR/USD is At Risk of More Losses

Key Highlights The Euro started a downside move and traded below the 1.1550 support against the US Dollar. There is a key bearish trend line in place with resistance at 1.1530 on the 4-hours chart of EUR/USD. The US NFP figure in Sep 2018 came in at 134K, less than the forecast of 185K. Today, the Euro Zone Sentix Investor Confidence for Oct 2018 will be released,...
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USD/JPY Facing Uphill Task Ahead of US NFP

Key Highlights The US Dollar found support near 105.30 and recovered against the Japanese Yen. There is a monster bearish trend line forming with resistance at 107.10 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending March 3, 2018 posted a rise from 210K to 231K. Today, the US nonfarm payrolls figure for Feb 2018 will be released, ...
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USD/JPY Faces an Uphill Task, Focus Turns to US NFP

Key Highlights The US Dollar found support after trading as low as 108.28 against the Japanese Yen. There is a major bearish trend line forming with resistance at 110.30 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 27, 2018 declined from 231K to 230K. Today’s US NFP release could impact USD/JPY and the next move in the n...
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USD/JPY Remains Bullish Ahead of US NFP Report

Key Highlights The US Dollar made a good comeback from the 110.80 support against the Japanese Yen. The USD/JPY pair is now forming a decent uptrend and is following a bullish trend line with support at 112.40 on the 4-hours chart. The US initial jobless claims for the week ending Dec 2, 2017 declined from 238K to 236K. Today’s US Nonfarm payrolls release for No...
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USD/JPY – Dollar In Steady Uptrend Vs Japanese Yen Ahead of NFP

Key Highlights The US Dollar remained elevated above the 113.50 pivot against the Japanese Yen. There is a crucial bullish trend line in place with support at 113.60 on the 4-hours chart of USD/JPY. The US Non-farm Productivity in Q3 2017 (Preliminary) rose 3%, compared with the +2.4% forecast. Today, the US nonfarm payrolls report for Oct 2017 will be released, w...
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USD/JPY – US Dollar Eyeing Upside Break Ahead of NFP Vs Japanese Yen

Key Highlights The US Dollar is trading above the 112.50 support against the Japanese Yen, and poised for more gains. There is a crucial contracting triangle forming with resistance near 113.20 on the 4-hours chart of USD/JPY. Japan’s Leading Economic Index in August 2017 (Prelim) came in at 106.8, up from the last 105.2. Today in the US, the Nonfarm payrolls fi...
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