Foreign Exchange

It’s December, a month where people take the opportunity to do holiday shopping and this in particular makes December in one of the months with higher volatility in the currency market. In the U.S. , sales of the famous cyber monday reached a record figure of $ 2.29 billion, thus, the USD Index has been […]

In the context of an uptrend, the USDJPY has experienced a pullback. Nevertheless, the pullback is expected to be transient. EURUSD: The market is in a kind of consolidation, though the bullish domination is still very clear. When the price does rally again, it would easily break the resistance line of 1.3600 to the upside, […]

The EUR/JPY remains fully consolidated in bullish trend and is likely to continue to rise this pair. This pair is consolidating above the weekly pivot point at the level of 138.68 and now, it is very likely that this pair rise to the resistance level of 140.25. If the EUR/JPY manages to break that level, […]

Most JPY pairs seem overbought and it looks like there could be some reversals soon. Yes, there could be reversals this week, but the markets may still go further upwards, especially if there are certain bulls who are interested in going long at the current prices. EURUSD: This is a bull market – slow and […]

As it was forecasted on Monday, this week has been favorable to trend followers. For example, the EURJPY, which has been trending up for a few weeks in a row, has moved upwards for more than 170 pips in this week. EURUSD: This is a bull market, with a Bullish Confirmation Pattern on the chart. […]

The Aussie has been very weak in recent days and it is likely that this weakness will continue for the next week. The AUD/USD is trying to break the weekly support level of 0.9060. If successful, it is expected to fall to 0.9032 level, a very important support level and strong, because in larger charts, […]

The EURJPY has almost challenged the high of 138.00, which is a very strong supply zone. The price has been corrected downwards from that supply zone, although the dominant bias remains bullish. EURUSD: In spite of the visible consolidation in the market, the bullish propensity on the market is a valid thing. The price is […]

The EUR/JPY found a fairly strong monthly resistance level, which could curb future increases in this pair, for the remainder of November. This pair has found resistance at the 137.76 level, a fairly hefty monthly pivot levels and therefore is very likely that the EUR/JPY remains below this level for the rest of the month, […]

The conditions on the market are favorable to trend-followers, especially in the face of new signals and directional movements that are currently happening. For instance, the USDCHF has assumed a strong southward bias and the price could reach the support level of 0.9000 this week. EURUSD: The EURUSD has assumed a strong northward bias and […]

The AUD/USD had a fairly bearish week in which this pair was able to consolidate a strong bearish trend in big charts as the daily chart. The aussie managed to fall to the weekly support level of 0.9175. Now, it is very likely that this pair begin to form a higher low pattern near this […]