I still hold a bearish outlook for the EUR/USD pair, as the sell signal for a decline only formed by the end of last week. I believe this signal has at least until the end of the current week to play out. My primary focus is on the support level at...
Technical analysis of the USDJPY pair During the previous two weeks, the price moved in a sideways wave and then in an upward wave, which led to the opening of trading this week within upward price channels. At the present time, the price is...
EUR/JPY Price Action Outlook After the resistance at the price of 160.35 was successfully penetrated on Friday, EURJPY immediately continued its increase to 161.45. Previously, EURJPY had difficulty penetrating the resistance at the price of 160.35...
Silent Points about EURUSD: Today, the German and Rench Flash news made the EUR week just now. Hence, the price is trading around the 1.0490 level. It is important that a strong reading for the Flash Service and Manufacturing Index could lead to...
USD/JPY Price Forecast “USD/JPY’s breakout was well anticipated in our technical scan when we first highlighted about moving averages compression (MAC) last week. We noted that this pattern typically precedes a break-out trade. Daily momentum turned...
