Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURJPY, published in members area of the website. As many of you already know, we’ve Read more…
Overbought signals persist as USDJPY approaches the 155.00 level Bullish trend expected to hold strong above 151.00 After an explosive bullish session on Monday, USDJPY is now a short distance below the 155.00 psychological level, recording its Read more…
Brent crude oil prices decreased slightly on Wednesday, falling to 89.50 USD per barrel. The decline is primarily attributed to concerns over global oil demand, particularly given the economic indicators coming out of China, the Read more…
The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year. This is Read more…
EUR/USD started another decline and traded below 1.0700. USD/JPY surged and broke the 154.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0695 support zone. Read more…
NZDUSD posts some gains after negative days Immediate resistance at 0.5940 Stochastics and RSI tick higher NZDUSD rebounded off the five-month low of 0.5858 after three straight negative days with the technical oscillators confirming that an upside Read more…
Markets Developments in the Middle East gradually lost their grip on global markets with central bank talk again taking the lead. Fed Vice-Chair Jefferson delivered a perfect assist for Chair Powell to acknowledge the consequences Read more…
Daily Pivots: (S1) 1.0595; (P) 1.0625; (R1) 1.0648; More… Intraday bias in EUR/USD remains neutral for consolidations above 1.0601 temporary low. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support Read more…
Daily Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; More… Intraday bias in USD/JPY stays on the upside at this point. Current up trend should target 155.20 fibonacci projection level next. On the downside, below 153.89 Read more…
Daily Pivots: (S1) 1.2397; (P) 1.2435; (R1) 1.2463; More… Intraday bias in GBP/USD remains neutral for more consolidations. Upside of recovery should be limited by 1.2577 minor resistance to bring another fall. On the downside, Read more…