USD/JPY rebounds on Tuesday
The US dollar has rallied during the trading on Tuesday, reaching towards the 106.50 region. If we can break above there, the market then goes to the 107.50 level over the longer term. However, this is a...
Month: April 2018
USD/CAD roles over a bit on Tuesday
The US dollar has rolled over a bit against the Canadian dollar after initially trying to rally on Tuesday but found the 1.2925 level to be a bit resistive. We pulled back from there to reach towards...
GBP/USD bouncing around in range bound trading
The British pound has been very noisy during the trading session on Tuesday, as we continue to see a lot of noise in this market, just above the 1.40 level. That’s an area that has a certain...
EUR/USD shows signs of stagnation on Tuesday
The EUR/USD pair has been very choppy over the last couple of sessions, as we await the jobs numbers on Friday, as it will obviously have a major influence on where the currency markets move next. There...
AUD/USD choppy as we await jobs numbers
The Australian dollar has been very noisy during trading on Tuesday, as we continue to find resistance at the 0.77 handle. That area caused the market to pull back at least twice during the day, and it...
Urgent Forecast: FAANG Stocks’ Next Move
The new wave of volatility is wreaking havoc on tech stocks. The tech fear gauge, NYSE’s Fang+ (comprising of Facebook, Apple, Amazon, Netflix, Google) just hit a 13-year high! Is this the start of something bigger —...
USDCAD Daily Analysis – April 4, 2018
USDCAD broke below 1.2803 support, suggesting that the downside movement from 1.3124 has resumed. Further decline could be expected in a couple of days and next target would be at 1.2650 area. Resistance levels are at 1.2860...
USDJPY Daily Analysis – April 4, 2018
USDJPY remains in the short term uptrend from 104.63, the fall from 107.01 is likely correction for the uptrend. Another rise to test 107.29 resistance is possible and a break of this level could take price to...
AUDUSD Daily Analysis – April 4, 2018
No changed in our view, AUDUSD remains in the downtrend from 0.7916, the bounce from 0.7642 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7642 support could...
GBPUSD Daily Analysis – April 4, 2018
GBPUSD remains in the downtrend from 1.4244, the bounce from 1.4008 is likely consolidation for the downtrend. Resistance is at 1.4150, as long as this level holds, the downtrend could be expected to resume and a breakdown...