|Day's Range||88.334 - 88.319|
|52 Week Range||88.33372 - 88.31855|
Ever since the USDJPY dropped below the 100-day & 200-day SMA confluence, around 111.60-70, the pair’s up-moves have been confined by the same region that now has an additional back-up of three-week old descending TL; however, the 110.90–111.00 horizontal-area has been successfully limiting the pair’s downturn. Hence, the 110.90 & 111.70 can be considered as strong levels to determine the quote’s near-term trend. Given the pair’s break of 111.70, it can quickly rise to 112.20, the 112.50 and the 50-day SMA level of 112.80 while its follow-on advances may aim for 113.30 and the 113. ...
USD/JPY Although two-month-old upward slanting trend-line triggered the USDJPY’s pullback, a short-term descending trend-channel resistance, at 113.70 now, is likely to confine the pair’s immediate advances. Should the pair refrain to respect the channel formation, it can quickly rise to 114.00 and then to the 114.30 levels ahead of aiming to confront the early-month high … Continue reading Important JPY Pairs’ Technical Overview: 16.11.2017
The Yen has weakened in early trading against the U.S Dollar this morning, but it is approaching important resistance levels which have proven to be strong since March of this year. Traders with a speculative taste may be tempted to sell the U.S Dollar against the Yen. Yen Weakening in Early Trading The Yen has … Continue reading Yen Churns Within Known Range
USD/JPY USDJPY’s reversal from 107.30 presently helps the pair to trade beyond 200-day SMA for the first-time in more than two months; however, it is necessary for the quote to register a daily closing above 112.20 SMA figure in order to aim for 113.60 and the resistance-line of a broader descending trend-channel, at 114.00 now. … Continue reading Technical Checks For USD/JPY, GBP/JPY, CAD/JPY & CHF/JPY: 21.09.2017
Today the main event of the day will be CPI from the US but the rate decision from the BoE also got some attention. USDCAD ahead of the CPI is forming a bearish flag. This pair likes and uses trend continuation pattern so we should see a further drop, obviously if the CPI will allow … Continue reading USD waits for the CPI, GBP already got a boost from the BoE.
USD/JPY One after the other Geo-political threats, be it emanating from North Korea or from US hurricanes, have been helping the JPY to maintain its strength. As a result, the USDJPY finally broke 108.40-15 broad support-zone and indicates brighter chances of testing 107.00–106.90 horizontal-line. In case if overbought RSI fails to trigger the pair’s pullback … Continue reading Technical Overview USD/JPY, EUR/JPY & CAD/JPY: 08.09.2017
There is no much time to digest the yesterday’s move by BoC as today we do have an ECB and Mario Draghi and all eyes are shifted there. Most of the instruments on the market continue the recent trend. Precious metals are climbing higher and USD is going down. One of the few exceptions is, … Continue reading BoC showed how it is done, ECB will follow?
On Tuesday the RBA will announce their interest rate decision. Although the RBA has indicated it is in no hurry to move the benchmark cash rate from 1.5%, the accompanying announcement will be closely watched – what type of comments do you think we can expect from the central bank? Macroeconomic data out of Australia has … Continue reading RBA, BoC & ECB Deliver Interest Rate Decisions
USD/JPY Even if 108.26 offered much required upside trigger to the USDJPY on Tuesday, the pair presently struggles to clear a month-old descending trend-line resistance, at 110.10, which indicate its pullback to 109.40 and the 109.00 nearby supports. During the pair’s follow-on declines after 109.00, the 108.65 and the 108.25 may act as intermediate halts … Continue reading Important JPY Pairs’ Technical Outlook: 30.08.2017
USD/JPY Although six-month old descending trend-line continue signaling USDJPY’s downside, the 108.50-40 horizontal-line seems confining the pair’s near-term downside and indicates brighter chances of its pullback to 109.80 before extending the recovery towards 110.20 TL resistance. Given the pair’s ability to surpass 110.20 on a daily closing basis, it becomes capable enough to aim for … Continue reading Technical Checks For USD/JPY, USD/CAD & CAD/JPY: 24.08.2017
The USD/CAD has been in a steady uptrend. The price has formed an ascending flat top triangle that suggest an uptrend continuation. But the price has already reached the W H4 camarilla pivot so bulls need to be careful. If the pair breaks 1.2760 then 1.2805 will be possible. If there is no breakout to … Continue reading USD/CAD Flat Top Ascending Triangle Uptrend
After hitting its multi-year low against the Japanese yen back in November of 2016, the Canadian dollar has done a great deal of recovering even though the first half of 2017 was a pure downtrend for the loonie. The current upward wave is completing the inverse head-and-shoulders pattern on a weekly timeframe. Above, you can see the pattern marked with the yellow lines. Although, the neckline seems to be broken, the currency rate has not yet reached my entry level, … Continue reading CAD/JPY Has Potential to Rally from Inverse Head-and-Shoulders
USD/CAD Irrespective of the USDCAD’s latest bounce from 1.2575, a week-long descending trend-line presently confines the pair’s recovery around 1.2635. Considering the USD weakness, chances of the 1.2600 and the 1.2575 come-back are high, breaking which 61.8% FE level of 1.2555 and the 1.2500 mark might give rise to expectations of a short-covering. Should Bears … Continue reading Technical Overview For USDCAD, EURCAD, GBPCAD & CADJPY: 20.07.2017
USD/CAD Although 1.2910 triggered the USDCAD’s U-turn during early weekdays, the pair failed to surpass 1.3010-15 horizontal-line and is presently struggling between the same 1.2910 – 1.3015 region ahead of the monthly labor markets numbers from US & Canada. Considering the upbeat expectations from US jobs report, coupled with declining Crude prices, chances of the … Continue reading Technical Checks For USD/CAD, GBP/CAD & CAD/JPY: 07.07.2017
USD/CAD Having cleared a year-long upward slanting trend-line, the USDCAD is now struggling with 1.3000 – 1.2995 horizontal-support in order to stretch its south-run towards the 1.2960 and the 1.2900 rest-points. In case of the pair’s additional weakness below 1.2900, the 1.2830 and the 1.2760 might offer intermediate halts prior to flashing 1.2650-55 on the … Continue reading Technical Checks For USD/CAD, EUR/CAD, NZD/CAD & CAD/CHF: 29.06.2017