FxWirePro: Nikkei225 Faces Strong Resistance at 17000, Good to Sell on Rallies Major resistance - 17000 (100 day EMA) Major support - 16350 (10 day EMA) Nikkei index has recovered strongly yesterday on account of weaker yen .The index has made a high of 16795 and closed at 16775...
FxWirePro: USD/KRW Remains Well supported Above 1162, Good to Buy on Dips USD/KRW is currently trading around 1167 levels. Intraday bias remains bullish for the moment. A daily close above 1168 will drag the parity up towards key resistances at 1176/1180/1193/1211 marks...
USD/JPY: Loss of 109.00 Accelerates Downside USD/JPY has broken bellow the 109.00 round number at the open of trading in China, with an acceleration towards 108.80 seen afterwards, as risk sentiment worsens...
AUD/USD Fades a Spike to 0.7190, Despite Risk-on The AUD/USD pair took-out Tuesday’s high, although failed to sustain at higher levels and drifted lower over the last hour. AUD/USD back below hourly 100-SMA at 0.7387 Currently, the AUD/USD pair rises 0.12% to 0...
AUD/USD: Better Bid on Oversold Readings - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that AUD/USD pair bounced modestly overnight from a fresh 2-month low of 0...
USD/JPY: Bears Testing Bulls Commitments on 109 Handle USD/JPY is currently on the offer in a better start in Tokyo than previous sessions following gains on Wall Street in a better risk profile given the recovery in commodity sectors...
EUR/USD to Breakout to Downside? - FXStreet Valeria Bednarik, chief analyst at FXStreet explained that from a technical point of view, the pair is on a brink of a downward breakout, barely holding around the 61.8% retracement of its latest daily bullish run at 1.1370...
GBP/USD: Risks Mounted to the Downside Below 1.4370 - FXStreet Valeria Bednarik, chief analyst at FXStreet noted the technical conditions surrounding GBP/USD...
Action in the Antipodeans, Risk Recovery - Westpac Analysts at Westpac offered all the action surrounding the antipodeans. Key Quotes: "The improved global mood was clear in AUD being the strongest currency over 24 hours, JPY the weakest. AUD/USD rose from 0.7323 to as high as 0...
EUR/USD: A weekly topping candle encourages our bearish view. A move below our initial targets near 1.1360 would signal lower towards 1.1300 and then the 1.1215 range lows. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USD/JPY Clings to Gains Above 109.00 USD/JPY has entered a consolidation phase near highs, after staging a decent rally during the previous sessions to hit its highest level in almost two weeks. USD/JPY rose more than a hundred pips throughout the day and peaked at 109...
Talking Points: - The US Dollar continues to see bullish price action, and over the past two days we’ve seen the Yen begin to stage a turn-around. But is this a lasting move? - Perhaps more interesting in the bigger picture is the potential for a turn in equity markets...
USD/JPY to Move Higher on Growth and Rate Differentials - Lloyds Analysts from Lloyds Bank expect that the relative growth and interest rate differentials between the United Stated and Japan will lead USD/JPY higher over the medium term...
NZD/USD: Scope for a Decline to 0.65 in 3 Months - Rabobank According to analysts from Rabobank, the current environment in New Zealand could lead to a signal that the Reserve Bank of New Zealand (RBNZ) could cut rates again opening the doors for a decline in the NZD/USD pair to 0...
FxWirePro: USD/CAD Loses Momentum But Outlook Is Bullish The USD/CAD pair retreated back slightly on Tuesday as oil prices rebounded towards 44$ per barrel as attention turned to when production will be brought back in line in Canada’s oil sands region...
USD/RUB Has Been Sidelined From a technical perspective the outlook for USD/RUB is probably no worse than neutral...
AUD/USD Recovers After 5-Day Decline AUD/USD is rising on Tuesday, at a modest pace and still hold below Monday’s highs. The pair rose during the Asian session and peaked on European hours at 0.7372. Afterward, it pulled back to 0...
GBP/USD Challenges Highs Near 1.4460 The sterling is now retesting the area of daily highs vs. the greenback, sending GBP/USD to the 1.4450/60 band...
