Technical Analysis

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 […]

USD/JPY stays very close to the 200 day moving average and a pivot point quite important, which could influence the trend of this pair for today’s session. This pair is currently near the 104.35 level, a high level considering that the USD/JPY formed a fractal near that level. Any breakout at that level could lead […]

Yahoo! stock (NASDAQ:YHOO) was bullish for the most part of 2013 and this would continue this year. The probability of a trend going further according to a dominant bias is much more than the probability of it reversing. Right now, there is a pullback in the market and the ADX period 14 is showing the […]

FTSE 100 (FTSE:UKX) has been going upwards since the middle of December 2013. This is a trend that is supposed to be sustained for the most part of this year. On the chart, the price is above the EMA 21, which is sloping upwards; while the MACD (standard settings) has both its histogram and signal […]

JPY Pairs Pullbacks Trading Signals (January 20 – February 3, 2014) Instrument: USDJPY Order: Sell Entry date: January 20, 2014 Entry price: 104.199 Stop loss: 105.210 Take profit: 102.210 Instrument: AUDJPY Order: Sell Entry date: January 20, 2014 Entry price: 91.719 Stop loss: 92.736 Take profit: 89.736 Instrument: CADJPY Order: Sell Entry date: January 20, […]

This week, the USD/CHF should be able to trade above the market level at 0.9100. The ultimate target for this week is the resistance level at 0.9200. EUR/USD: This market has been bearish and it would continue to be so this week. We are watching the support lines at 1.3500 and 1.3450, which are the […]

AUD/USD has found strong support at current levels, so it is very likely that this pair perform movements this week. The aussie is forming a bearish pattern above support at the level of 0.8765, a very strong level, as this pair has tried to consolidate below that level, so this pair has not been able […]

For a few weeks, the EURJPY has been experiencing limited bullish energy. Since the overall bias is bearish, it looks sensible to seek ways to go short when the price rallies, at least, to make allowances for the huge upswings and downswings in the price, as it occasionally happens. The price has been moving sideways […]