USD/JPY bounces away from weekly lows around 132.50, underpinned by rising US bond yields. The pair is facing solid resistance around 134.50-65; once surpassed, a jump to 135.00 is anticipated. In the short term, USD/JPY is expected to pull back towards the 133.50-60 area before resuming the rise. The USD/JPY jumps from near the weekly […]
Tag: Technical analysis
USD/CHF Price Analysis: Steadily Advances and Recovers 0.9500
USD/CHF extends its weekly gains and erases last week’s losses, rising 1%. USD/CHF is heading higher and could test the 20-day EMA; otherwise losses will extend towards 0.9400. The USD/CHF rises for the second day in a row, widening the gap between the 200 day EMA and the exchange rate, courtesy of broad US dollar […]
EUR/USD Price Analysis: Strong support emerges near 1.0100
EUR/USD continues to fall and revisits the 1.0120 area. Further losses should find strong support around 1.0100. The EUR/USD challenges August lows around 1.0120 on Tuesday’s trend reversal. Although a further correction seems likely on the short-term horizon, the low end of the recent range around 1.0100 should offer decent support ahead of a potential […]
Silver Price Analysis: Chance to break below $20.00, vulnerable near 50 DMA
Silver loses ground for the second day in a row and falls to a one-week low. The drop marks a bearish break below a one-week trading range. The bears still have to wait for a sustained break below $20.00 before making further bets. the silver witnesses selling for the second day in a row on […]
DXY Price Analysis: Break of 107.00 exposes 107.42
DXY extends the rally and flirts with 107.00. Further up is the weekly high around 107.40. The US Dollar Index (DXY) extends the rebound from recent lows and approaches the key barrier of the 107.00 zone on Tuesday. The continuation of the bullish momentum could extend to the August high near 107.00 (Aug 5). Once […]
EUR/JPY Price Analysis: Recovery initially heading towards 138.40
EUR/JPY is trading with modest gains after two consecutive daily declines. If the rebound picks up pace, the cross could revisit 138.40. EUR/JPY leaves behind two consecutive daily declines and advances above 136.00 on Tuesday. Should the recovery become more serious, then the cross should meet the next barrier at the 100-day SMA at 138.08 […]
GBP/JPY Price Analysis: Falls on haven flows, back below 161.00
GBP/JPY extends its losses, going from around 163.00 to 160.60 in the last four days. Risk aversion in the forex space underpins safe haven pairs. GBP/JPY may resume its bearish bias below 160.34. Otherwise, a test of 162.07 is anticipated. GBP/JPY stumbles and refreshes two-week lows, awaiting a break below the 6 Jul low of […]
USD/JPY Price Analysis: Sellers are struggling to break the 133.00 zone
USD/JPY is trapped between the 50 and 100 day EMAs, waiting for a catalyst. In the short term, USD/JPY is neutral to the downside and could head lower if the 132.87 level is broken; Otherwise, a test of the 200 hourly EMA at 133.88 is expected. USD/JPY is slightly in the negative territory in the […]
GBPUSD struggles to pick up recovery momentum as it trades below 1.2100
GBP/USD remains under constant downward pressure on Monday. The dollar retains its strength despite the disappointing data. The focus is on US housing data and the UK jobs report for July. GBP/USD started the week under bearish pressure and fell to a weekly low of 1.2051 in the European session. Although the pair staged a […]
EUR/USD Price Analysis: There is solid support around 1.0100
EUR/USD corrects sharply lower and retests the 1.0190/85 area. The lower bound of the range emerges around 1.0100. The EUR/USD accelerates losses and falls below key support at 1.0200 on Monday. A further correction could lead to a revisit of the recent range bottom at the 1.0100 area, although a sustained break below this level […]
