USD/JPY remains on the defensive near the daily low and gave back part of the previous day’s bounce from triangle support. The pullback on the upside of the MACD and the bearish chart pattern keeps sellers hopeful. 50-Day SMA adds to supports, double top around 116.35 becomes key resistance. USD/JPY portrays the risk-off sentiment in […]
Tag: SupportResistance
Exceed the weekly highs around 82.20, sellers take control
AUD/JPY break below 82.00 puts selling pressure on the pair. The weakened mood of market sentiment exacerbated the demand for the JPY as a safe haven. The AUD/JPY It falls for the second time in the week and from a technical perspective it is retracing from weekly highs around 82.27 to the 81.50 area. At […]
Faces strong resistance around 200-DMA
-637770014170912046.png "Faces strong resistance around 200-DMA")
USD / CHF fell 0.06% in the American session. USD / CHF has a neutral bias as the DMAs remain horizontal, around the 0.9170-0.9220 area. The USD/CHF It extends its losses from Tuesday, trading at 0.9157 at the time of writing. Risk-sensitive currencies remain offered, while safe-haven currencies fall. In the case of CHF, it […]
The crossover in the 4-hour chart opens the door for a test of the yearly low
-637763097207174578.png "The crossover in the 4-hour chart opens the door for a test of the yearly low")
EUR / GBP lost 0.05% during the American session. A mixed market mood causes the pair to swing between winning and losing. EUR / GBP Price Forecast: The crossover on the 4-hour chart paves the way for further losses. The EUR/GBP It extends its losses on Monday, trading at 0.8423 during the American session at […]
USD / CAD flirts around 1.2800 amid illiquid conditions as year-end approaches
USD / CAD trimmed some losses on Monday, rising 0.09%. Despite registering a daily maximum of Omicron-Covid-19 cases, around 1.4 million worldwide, the mood of investors is optimistic. High US crude prices failed to raise the CAD outlook. USD / CAD Price Forecast: Limited in range, although slightly sloping to the downside. The USD / […]
On track to two-month resistance near 129.50
EUR / JPY updates its highest level in a week during the four-day uptrend. The bullish MACD favors further rallies towards the key short-term resistance line. EUR / JPY takes bids to update its one-week high around 129.52, gaining 0.13% in the European session on Thursday. The currency pair is up for the second day […]
Regains 114.00 amid falling US bond yields
-637757986470987700.png "Regains 114.00 amid falling US bond yields")
USD / JPY rises slightly amid risk sentiment in the market. USD / JPY Technical Outlook: Leaning higher as the pair’s bulls have regained the 114.00m level now targeting 115.00. The USD / JPY rises slightly during the American session on Wednesday, trading at 114.13 at the time of writing. US equities continue to trend […]
Drops below 114.00 as market sentiment worsens and US yields slide
-637752791509631205.png "Drops below 114.00 as market sentiment worsens and US yields slide")
USD / JPY pulls back below the 114.00 level, down around 0.35% on the day. The 10-year US Treasury yield falls three basis points, standing at 1,429%. USD / JPY Technical Outlook: Has an upside bias as long as it remains above 112.53. After climbing above the 114.00 level on Wednesday, USD / JPY slides […]
Stable around the 50 DMA at 113.70
-637751106987829920.png "Stable around the 50 DMA at 113.70")
USD / JPY rose during the New York session, up 0.15%. A risk-off market mood looms as the Federal Reserve’s monetary policy meeting looms. USD / JPY Technical Outlook: The pair has an upward bias, albeit limited around the 113.21-113.95 range. USD / JPY barely advanced during the New York session, trading above 113.75 at […]
Jumps from 0.8500 to 0.8540 in the middle of a risk aversion mood
-637750183027626125.png "Jumps from 0.8500 to 0.8540 in the middle of a risk aversion mood")
The euro regains some ground against the pound, rising 0.32%. EUR GBP Technical Outlook: The daily chart is biased to the downside as long as the 200 DMA and a downtrend line hold. EUR / GBP Technical Outlook: The 1 hour chart has a bullish bias, but would face stiff resistance around 0.8550. The shared […]
