The pair is still under pressure but continues to hold above its historical low at 76,30.
The pair continues to evolve in a long term trading range between 1,59 and 1,67 but it has confirmed a short term bullish bias after a break above 1,63 yesterday.
Monday’s price action was very interesting as we did see a break and close above the strong daily descending trendline. This breakout opens the door to next target at 1,47 (weekly bollinger band).
Greetings. Let’s pull up the NZD/JPY hourly chart. We saw a nice move down since early August and we’re now in what appears to be a retracement back up.
Market Review – 15/08/2011 22:00 GMT Euro rallies on risk appetites and dollar’s broad-based weakness The single currency rallied to a three-week high against the greenback Monday on risk appetite and dollar’s broad-based weakness as investors hoped...
ForexPros Daily Analysis August 15, 2011 Euro in Range, Pound In Next Short, Yen Flirting With Lows Euro: On the daily looks to be in a range between 1.44 and 1.405-1.4125. It has just broken the short...
Sentiment across the euro zone has turned negative, with many analysts and economists expecting moves towards safety by traders this week. Any more bearishly-leaning news out of any major global economy will likely pull down on the...
The pair is pulling back after the last 2 weeks sharp decline with an attempt below parity which offered a great support as expected.
The pair has validated a weekly double bottom formation which might result in a major long term reversal if a break above parity is confirmed over the coming sessions.
The Swiss Franc has been once again the main active currency last week after the SNB Vice President statement about a possible change in their policy with their currency being pegged to the Euro.