Foreign Exchange

The EUR/JPY was dominated this week by the bulls, as this opened Thursday’s session a bullish gap, which has not been filled. This pair found resistance near the 145.17 level, where this formed a fractal. Now, this pair is forming a bullish pattern above the level of 143.94. If this pair manages to break the […]

The Australian dollar has shown a lot of weakness in recent days against the U.S. dollar and is expected to continue. AUD/USD stays below the resistance level 0.8929, a level that has shown great strength on this pair, as the AUD/USD has failed to consolidate above this level. Now, it is very likely that this […]

The JPY pairs experienced upward gaps yesterday and have been trending upwards in most cases. This is in agreement with the extant bullish bias. EUR/USD: This pair has rejected the recent bearish pull on it. The price broke upwards, cutting through the market line of 1.3750, while going further upwards. Clearly, the bias has turned […]

The EUR/GBP has had a week bearish, despite the low volatility this week has dominated the forex market. This pair is forming a higher low pattern below the monthly pivot level of 0.8358. Now, the EUR/GBP is encountering strong resistance at that level and if the pair manages to continue to fall, it’s expected to […]

The USD/JPY has maintained its bullish bias and would likely test the supply level at 104.50 again. Eventually, it is hoped that the supply level would be overcome and breached to the upside. EUR/USD: The bias here is bearish and the upswing in the Williams’ % Range shows that the current northward attempt, though shallow, […]

The USDJPY moved upwards by over 170 pips last week, challenging the supply zone of 104.50 before retracing southward. The southward retracement would be temporary, for the price would soon trade further upwards. EURUSD: This pair gave a bearish signal last week – something that is still valid. There has been some rally in the […]

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The EUR/JPY is very strong and solid in the bullish trend, which is very normal current corrective movements. This pair is consolidating above support at 142.18 level. Now it is very likely to go up to the weekly resistance level of 142.80. Moreover, if this pair does break the support at the level of 142.18, […]

The EURJPY pulled back last week and is currently being stabilized. The Bullish Confirmation Pattern is still valid on the chart, and when there is a breakout again, it might be in favor of the bulls… EURUSD: Despite the failure to breach it in recent times, this pair is going again towards the resistance line […]

The AUD/USD has been very weak in recent days and is likely to continue with this pair that weakness. The aussie is finding support on the level of 0.8929, a fairly hefty monthly level since the AUD/USD has failed to make a breakout there. If this pair takes a bullish rebound at current levels, it […]