USD / JPY witnessed strong selling on Wednesday amid widespread USD weakness. Technical selling below 105.00 further exacerbated the intraday bearish pressure. September’s monthly swing lows, around 104.00, is the next relevant target for the bears. The pair USD/JPY It continued to lose ground during the early North American session and fell to fresh one-month […]
Tag: Foreign exchange
AUD / USD updates session highs, looking to extend momentum above 0.7100
AUD / USD witnessed a short hedging move on Wednesday amid a sustained sell off of the USD. Hopes for US fiscal stimulus boosted investor sentiment and undermined the dollar as a safe haven. The RBA’s dovish expectations could prevent the bulls from making aggressive bets and limit strong gains. The pair AUD/USD It updated […]
EUR / JPY reverses gains and is trading near 124.00
EUR / JPY bullish momentum lost momentum at the 125.00 zone. Rumors of increased US stimulus hurt the dollar. The markets’ attention remains on the advance of the COVID-19 pandemic. The renewed demand for the safe haven yen forces the EUR/JPY to leave the area of ​​recent highs at 125.00 on Wednesday. EUR / JPY […]
EUR / JPY maintains a slight downward bias while below 125.11
EUR / JPY rose sharply again on Tuesday, however, only a break above 125.11 would end corrective risks for the central uptrend to resume, in the opinion of the Credit Suisse analyst team. Key statements: “EUR / JPY rallied further on Tuesday after essentially staying above the potential uptrend of May earlier in the week. […]
EUR / USD Finds Support Above 1.1840 and Approaches Day’s Highs
Euro rises for the fourth day in a row against the dollar. EUR / USD tests resistance at 1.1870 and then it would be expected to test 1.1900. The EUR / USD lost momentum after rising to 1.1870, the highest level in a month, and began to retreat, finding support above 1.1840. It is trading […]
EUR / GBP falls sharply to daily lows near 0.9065
EUR / GBP is witnessing strong selling on Wednesday amid a strong recovery in demand for the British pound. Brexit-related news continues to influence sentiment around GBP. A modest rally in the common currency does little to offer support or ease the intraday selling bias. The crossing EUR/GBP has fallen sharply during the European session […]
The next resistance is at 1.1917
EUR / USD has quickly passed the initial barrier at 1.1830. Looking up, the pair is now targeting 1.1917 (September 10 high). The buying bias around the EUR / USD remains firm on Wednesday, managing to hit new multi-week highs around 1.1870. As long as the bulls stay in control, the next intermediate target is […]
Additional losses expected below 92.70
The DXY index extends the slide to multi-week lows near 92.70. Below this region is a Fibonacci level at 91.92. The DXY index accelerates downward movement after the recent breakout of key support at the 93.00 round level, hitting fresh multi-week lows in the 92.70 / 65 region. A deeper pullback now threatens to drag […]
EUR / JPY Price Analysis: Current Pullback Looks Short-lived
The strong rebound from the EUR / JPY cross encountered a stiff barrier at the resistance zone near 125.00 on Tuesday. Overcoming this area,. Credits: Forex Street Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald […]
USD / JPY plunges to new monthly lows below 105.00 level
USD / JPY is under intense selling pressure on Wednesday and falls below the 105.00 level. A sharp turn in the equity markets benefits the Japanese yen and puts strong pressure on the pair. The selling tone around the USD does little to offer support or stop the sharp intraday decline. The pair USD/JPY has […]
