Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
USDJPY Technical Analysis Report 05 February, 2021
• USDJPY broke key resistance level 105.55 • Likely to reach resistance level 106.00 USDJPY currency pair continues to rise strongly after the earlier breakout of the key resistance level 105.55 (former monthly high from…
USDJPY Technical Analysis Report 11 January, 2021
• USDJPY reversed from key support level 103.00 • Likely to rise to 104.60 USDJPY currency pair continues to rise sharply after the price reversed up from the key support level 103.00 (former monthly low…
USDJPY Technical Analysis Report 21 December, 2020
USDJPY reversed from long-term support level 103,10 Likely to rise to 104,24 USDJPY recently reversed up from support area lying between the long-term support level 103,10 (which has been reversing this currency pair from the…
USDJPY Technical Analysis Report 06 November, 2020
USDJPY broke multi-month support level 104.20 Likely to fall to 103.00 USDJPY under strong pressure on strengthening expectations of the eventual Biden’s victory in US elections taking place currently. The pair earlier broke sharply below…
Fibonacci Retracements – October 7th
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, after a breakout of 23.6% fibo and a local convergence on MACD, the pair is correcting upwards. The structure of this movement…
Fibonacci Retracements Analysis for EURUSD & USDJPY September…
EURUSD, “Euro vs US Dollar” As we can see in the H4 chart, the divergence made the pair reverse after testing the resistance at 1.2000 and start a new correction. At the moment, the pair…
MARKET WRAP Friday, September 18th
Yen rallies post-BOJ & UK retail sales Stock markets tip lower after conflicting messages on when a vaccine will become available. The Japanese yen has popped to a 6-week high after the BOJ lifted economic…
Forex Technical Analysis & Forecast for Tuesday, September…
EURUSD, “Euro vs US Dollar” EURUSD is no longer consolidating within a Triangle pattern; after reaching 1.1890, it has broken this level to the upside. At the moment, the pair is trying to break the…
