Usd/Jpy, Bullish Target at 98.88, Oil, Still Below
Usd/Jpy, Bullish target at 98.88
4 Hour Chart trend: Mixed. Main price points: 91.74, 94.35 and 98.88. Looking for: Wave C, or III
Yen is trading higher, after a bullish Wall Street close on Friday, in response to the NFP report. We are looking for a near-term bullish [...]
Usd/Jpy, Bullish Target at 98.88, Oil, Still Below
Usd/Jpy, Bullish target at 98.88
4 Hour Chart trend: Mixed. Main price points: 91.74, 94.35 and 98.88. Looking for: Wave C, or III
Yen is trading higher, after a bullish Wall Street close on Friday, in response to the NFP report. We are looking for a near-term bullish [...]
Forex Technical Analytics
CHF
The estimated variant for sales was implemented with overlap of minimal anticipated targets. OsMA trend indicator, after divergence formation, marked reverse momentum but further bullish activity rise was not enough for upside movement and now, considering bullish activity fall, you should expect retest of lower channel border, where it is recommended to reevaluate [...]
USD/JPY Jogs between our Trend Lines While Playing with 95
Japan’s trade balance came in below analyst expectations late Wednesday, yet surging U.S. equities trumped the disappointing data point as we anticipated. A recovery in U.S. corporate performance implies greater demand for Japanese exports in the future, weakening the Yen and improving prospects of a [...]
Did The Aussie U turn?
The comeback of risk appetite pushed the Australian dollar close to yearly highs. As green shoots are showing across the global economy and growth forecast are being upgraded traders are willing to take up more risk and are dumping the safe heaven like the US dollar again like the Aussie [...]
Forex and Dow Jones Recommended Levels
EUR/USD
Today’s support: - 1.4130 and 1.4096(main), where correction is possible. Break would give 1.4078, where correction also may be. Then follows 1.4065. Break of the latter would result in 1.4042. If a strong impulse, we would see 1.4023. Continuation will give 1.3972.
Today’s resistance: - 1.4197, 1.4220, [...]
