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The USD/JPY pair is trading below the downward trend line on a 60 minute time frame. This represents that the bears are pretty much in control of the price. The pair is struggling to break the 50 day...
The GBP/USD is trading in a symmetrical triangle pattern on a 30 minute time frame. These patterns are the weakest patterns in terms of their validity and their price projection. However,...
Market BriefNothing much happened overnight, the G10 currencies traded through a quiet Asian session. USD/JPY and JPY crosses were mixed before PM Abe’s speech on policy due today. We expect to...
USD/JPYOpen 101.88 High 102.14 Low 101.81 Close 101.91On Monday the USD/JPY decreased with almost 35 pips. The currency couple depreciated from 102.14 to 101.81 yesterday, not matching the positive...
Yesterday was a Monday to forget as trading ranges were once again hyper-compressed across markets. GBP consolidated a bit lower as interest rate spreads failed to stretch wider in GBP’s favour...
EUR/USDRisk reward: 1.47Trend: UpBuy at 1.3592 SL 1.3560 TP 1.3639USD/JPYRisk reward: 1.16Trend: DownSell at 102.02 SL 102.34 TP 101.65GBP/USDRisk reward: 1.69Trend: UpBuy at 1.7018 SL 1.6986 TP...
The U.S. Dollar depreciated against a number of currencies in the foreign exchange, including the Euro, despite lackluster metrics which pointed to a drop in activities in two major E.U. sectors. The...
EUR/USDCurrent level - 1.3599 A new test of the 1.3560-1.3580 zone is possible preceding another move on the upside. The first major resistance is at 1.3660-70. USD/JPYCurrent level - 101.84 In the...
The level of business activity showed a decline in the Eurozone in May, according to market reports. On the background of weak data on inflation in Germany there is a probability that the June meeting...
Talking Points:EUR/USD Technical Strategy: Pending Short Support: 1.3585, 1.3502, 1.3476 Resistance:1.3629, 1.3689, 1.3747 The euro is having a hard time renewing upward momentum against the US...
Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 10409, 10375, 10323 Resistance:10474-95, 10531, 10589 The Dow Jones FXCM US Dollar Index continues...
Whichever way it breaks, today's inflation report with Carney's speech on Thursday may provide the catalyst we need to break out of the narrow trading range.SUMMARY - COTS position sees Net Longs at...
EUR/USD The euro’s near-term price action trades within narrowing range and directionless mode, moving within daily Tenkan-sen and Kijun-sen lines, as recovery attempt off 1.3563 low so far...