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USD/JPY Breaks above Level 111.00, Reaches Overbought Region

Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. Buyers have sustained recent rallies as the market reaches the overbought region. On June 23 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement indicates that the Yen will rise to […]

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Dogecoin (DOGE) Faces Rejection at $0.26, Consolidates above $0.25 Support

Key Resistance Levels: $0.45, $0.46, $0.47Key Support Levels: $0.25, $0.20,$0.15 DOGE/USD Long-term Trend: BearishOn June 22, DOGE’s price rebounded above $0.16 support but resumed consolidation above $0.22. For the past week, Dogecoin has been fluctuating above the current support. The price action has been characterized by small body indecisive candlesticks. The candlesticks indicate that buyers […]

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USD Outlook Weakens as Global Investors Shift Toward Diversification and Hedging

Dollar Rises on ADP Job Data, Pound Rebounds As BoE Haldane Speaks

After better-than-expected economic figures, the dollar and the loonie rose in the early US session. Following the Bank of England’s top economist’s hawkish comments, sterling is intensely watched. Today, the Swiss Franc is the worst-performing currency, followed by New Zealand and Australian Dollars. The dollar has passed the first data test, and attention will now […]

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