Most Asian currencies fell on Tuesday as Chinese economic data showed an unexpected decline in business activity, while the Japanese yen tumbled after the Bank of Japan maintained its ultra-dovish course.
Investors also remained largely on edge before the conclusion of a Federal Reserve meeting on Wednesday. The dollar index and dollar index futures both...
This pair has been trending to the downside since February and its currently down 9%.
For more than 90 days it has been ranging between 0.67762 and 0.65779 providing good opportunities to short from top and long from the bottom with a price range up to 200 pips.What makes this pair unique is that it respects key level zones by providing good risk reward ratio for...
AUD/USD remains stuck within the confines of a downtrending channel that could see it hitting an important big-picture level at 7000. However, for that to happen we will need to see resistance hold in place here as it gets a thorough testing.
A channel line and the low-end of a month-long range that ended in the middle of this month are in confluence around...
Long term target for eurusd is 1.24. Watching the dollar taking a strong beat I can see only bullish pressure on eurusd. For now the price is sitting in a fib level 61.8 and 78.6 and it tells me that this zone will actually hold to continue bullish. Even though we made a double top if we break strong on the current level I can still see some short team pressure on...
Lets take look at the usd dollar.For now the dollar has been printing lower highs and lower lows which is telling that the market is going bearish.
Dropping down to the h4 timeframe we are trying to find support until we spiked straight back up based on Biden win as the President of US.
DOllar has been hit so hard with banks printing lots of money to support the...
On the daily timeframe, CAD/JPY: D1 is in a narrow, short-term, neutral trend. It must be breached up before opening a buy position. A number of indicators of technical analysis formed signals for a further increase. We do not exclude a bullish movement if CAD/JPY rises above the last upper fractal and the upper Bollinger line: 78. This level can be used as an...
The euro took a breather against the dollar Thursday, and while the single currency is set to close higher for the year, analysts call for a healthy dose of caution heading into 2021.
EUR/USD fell 0.68% to $1.2211, but remains on track to close up about 9% higher for the year.
The euro has benefitted from weakness in the dollar as the pandemic pushed the Federal...
Intraday bias in USD/CAD remains neutral for the moment. Another rise is mildly in favor with a short term bottom in place at 1.2688. On the upside, above 1.2957 will target 1.3172 resistance first. Break there will extend the rebound to 1.3389 key structural resistance next.
In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective...
