0.0 00 The EUR/USD currency pair fell off after Germany, the largest economy in the Eurozone, released their GDP number. Their economy contracted in the second quarter. The Euro remains well below the critical level of …
Read More »Daily Forex Technical Analysis: Could the Euro Now Move Higher?
0.0 00 EUR/USD (1.33623) The euro (EUR) could be finding a bottom as it finds a bottom above the support at 1.33460. The EUR/USD has been pushing lower since the formation of an evening star, see …
Read More »Forex Technical Analysis: Dollar Moves Higher
0.0 00 The USD/JPY has moved higher with a daily close above the technical resistance level of 102.20. This came after a candlestick hammer formation formed and now opens the door for the dollar to continue …
Read More »Daily Forex Technical Analysis: The U.S. Dollar Looks to Move Higher
0.0 00 USD/JPY (102.285) We should see a deep decline back to 100.80 then 100.60 support cluster zone. However, even if this happens, we expect that area to hold bringing more gains. Any move above 103.10 …
Read More »Forex Technical Analysis: GBP/USD Looks For a Bottom
0.0 00 The GBP/USD has been bearish since topping near 1.71760. We then saw the formation of a hanging man formation with negative RSI, this causes a selloff and the sterling moved lower. We see support …
Read More »Forex Technical Analysis: USD/JPY Remains above 102.20
0.0 00 The USD continues to show some strength against the yen (JPY) as it is above the former resistance now support at 102.20. This happened as a hammer formed on the daily chart. See below. …
Read More »Daily Forex Analysis: The Dollar Gains Some Ground
0.0 00 USD/JPY ($102.265) The U.S. Dollar (USD) is trying to strengthen against the yen (JPY) after falling like a stone last week. We are getting short term support near 101.80. If we see a move …
Read More »Forex Technical Analysis: EUR/USD Forms Bullish Hammer, Will it Take?
0.0 00 The Euro’s recent recovery against the greenback (USD) has seen the formation of a bullish hammer or bullish engulfing candlestick pattern on our daily chart. This means we can have more gains should we …
Read More »Yen Moves Lower Before Japan’s GDP Release
0.0 00 Friday, the Dollar (USD) pushed a bit higher against the yen (JPY). The USD/JPY closed at 102.12 and in today’s trade is fluctuating above the 20 and 50 day moving average at 102.064. Investors …
Read More »Daily Forex Analysis: The Yen Sets a 3 Week High
0.0 00 USD/JPY: The U.S. Dollar (USD) is now at its lowest level in over three weeks versus the yen (JPY). This is why taking a long position has not been favorable. We are now testing …
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