EN▼
The USD/ZAR pair was in a corrective phase after reaching 16.364 level. It has dropped as much as 15.734 level today where it has found support and now it tries to come back higher. Fundamentally, the USD received a helping hand from the US ADP Non-Farm Employment Change which was reported at 534K above 525K […]
Read moreEUR/CAD edges higher after ending its minor retreat. Also, it has managed to close the gap down signaling that the bulls are strong in the short term. Still, in the short term, the pair reached a resistance level, so we’ll need a valid breakout to get confirmation that we’ll have an upside continuation. Today, the […]
Read moreThe GBP/JPY pair moves sideways between 154.21 and the153.49 weekly pivot point. In the short term, the Yen has started to appreciate versus its rivals as the Japanese Yen Futures tries to rebound. Also, the JP225, the Nikkei seems vulnerable, a potential drop may signal Yen’s growth. Fundamentally, the Yen received a helping hand from […]
Read moreGBP/JPY was in a corrective phase but now it seems that the downwards movement is over. That’s why we could look for new buying opportunities. Still, we need confirmation before considering going long. Technically, the pair is still under pressure, so it could come back down to test and retest the immediate support levels. The […]
Read moreEUR/JPY continues to stay above 130.74 downside obstacle, so personally, I will look for new long opportunities. The currency pair dropped to test and retest the support zone. A bullish pattern here could activate a new leg higher. In the short term, the Nikkei stock index was into a corrective phase, that’s why the Yen […]
Read moreThe USD/CAD pair is trading in the red at 1.2450 level at the time of writing. The pressure is high as the Dollar Index has extended its drop. Technically, the price stands below strong resistance levels, so further growth is uncertain. The USD depreciated a little in the short term even if the United States […]
Read moreThe USD/CAD pair seems undecided in the short term, maybe the traders are waiting for the United States economic data before taking action. In the short term, the upside pressure remains intact as the Dollar Index could resume its growth after the current retreat. The US ISM Manufacturing PMI could bring life to the USD/CAD. […]
Read moreThe USD/SGD pair has shown oversold signs and now is fighting hard to climb higher. The price action has developed a symmetrical triangle which could bring great trading opportunities. Fundamentally, the USD was boosted by better than expected US data reported yesterday. The CB Consumer Confidence was reported at 113.8 far above 108.4 expected, while […]
Read moreThe GBP/USD pair has decreased a little but the bias remains bullish. The price action has printed a potential continuation formation. Validating this formation could announce an upside continuation. Still, we’ll have to wait for strong confirmation before considering going long. As you already know, the Dollar Index escaped from a down channel pattern signaling […]
Read moreThe GBP/USD price was into a temporary retreat after taking out a major dynamic resistance.Still, in the short term, the bias is bullish. The pair could jump higher after the current decline. The price action signaled that the short-term decline ended and that the bulls could take full control again. GBP/USD will be driven by […]
Read more
