Foreign Exchange

Last week was very interesting in the markets because there were significant reversals. For example, the EUR/JPY, which has long been in an equilibrium zone, was able to break out in the direction of the bears. The new biases would continue to be valid for this week. EUR/USD: This pair was able to shrug off […]

There have been interesting developments in the markets as currency trading instruments experience significant reversals. For example, the EURJPY was able to break out in the direction of the bears, after some protracted consolidation phase. The price went below the supply zone of 140.00, and it is expected to continue going down further. EURUSD Dominant […]

At the start of the today’s Asian session, the USD/JPY reacts positively after recovering from the fall had to support the level of 103.00. This pair is about to touch the pivot point at the level of 103.68, but now it is facing resistance at 103.52 level. However, it would be expected to drop to […]

NZD/USD managed to climb in the last hours of the U.S. session yesterday, as this pair was about to touch the support level of 0.8261. Now, the kiwi is finding resistance at the pivot point at the psychological level of 0.8300. If this pair makes a breakout at that level, the next bullish targets will […]

“It is so important in the training for trading to do the right things from the very beginning.” – Norman Welz I recently met someone who doesn’t even know how to trade Forex, though he’d heard the word ‘Forex.’ We were chatting together and he, interestingly, said that when he was ready to do Forex, […]

EUR/JPY found resistance at the 200 day moving average and now this pair is below the pivot point at the level of 141.48. At the start of the Asian session, the pair dropped significantly thanks to the 200 SMA gave strong dynamic resistance. Now, the next bearish objective of EUR/JPY would be the support at […]

AUD/USD has registered a decline from the  level 0.8848 to the support at0.8796 level. Yesterday, the Aussie found resistance at the 200 day moving average near the 0.8880 level, so this pair failed to consolidate above the SMA 200 to further strengthen the bullish trend. Now, the following bearish targets are set at the levels […]

The USD/JPY has consolidated in bullish trend and ever closer to psychological level at 105.00 level. During yesterday’s session, the pair made ​​a bullish rebound above the support level of 103.95, having gained bullish momentum in European trading. However, USD/JPY remains above the daily pivot point (104.35) and the next target is located in the resistance […]

NZD/USD has not had to volatile movements at the moment, so the kiwi remains near the pivot point at 0.8318 level. The kiwi is consolidating above the 200 SMA and the nearest resistance level is at 0.8339. Data in Australia (CPI) do not seem to have had any impact on the current trend of the […]

AUD/USD had a positive reaction to the CPI q/q posted a few minutes, which was expected to be 0.5%, but the current reading was found to be higher than expected (0.8%) and higher than the previous reading (1.2%). Now, the Aussie has managed to make a breakout at the level of 0.8835 and now this […]