The EUR/JPY gained sharply on a strong Euro. It hit an intraday high of 162.69 and is currently trading around 162.39. The intraday outlook is bullish as long as the support 161.50 (200- 15 min EMA) holds. In reply to the temporary halt by the U.S. government of a scheduled 20% tariff on European products in favor of a flat 10% tariff for three months (not...
Pattern formed- Three drives pattern (Bullish) The GBP/JPY was one of the worst performers this week on board -based yen buying. It hit a low of 185.57 at the time of writing and is currently trading around 186.27. Intraday trend is bullish as long as support 185 holds. The GBP/JPY pair is trading below 34 and 55 EMA (Short-term) and 200 EMA (long-term on the...
The pair hits a fresh year high on board-based Euro buying. Intraday bias remains bullish as long as support 0.8380 holds. It hit an intraday high of 0.85014 and is currently trading around 0.85008. Technical Analysis The pair is currently trading above the 34- and below 55-EMA on the 4-hour chart. Bearish Trend Confirmation: Any break below 0.84500 confirms...
Trend line support- $31.95 (trend line joining $28.79 and $30.81) Silver crashed more than 7% after Tariff announcement. It hit a intraday low of $31.40 and is currently trading around $31.65. The gold/silver ratio climbed to 95.50, reflecting silver's relative weakness compared to gold. Trading Strategy and Key Levels for Silver The commodity is trading below...
The GBP/JPY breaks significant resistance 195 after a long consolidation. It hits an intraday high of 195.33 and is currently trading around 195.28. Intraday trend is bullish as long as support 194 holds. It is recommended to buy on dips around 195.10-15 with a stop-loss at 194.40 for a TP of 197.
Bearish divergence (RSI and CCI (50)- Daily and weekly chart Gold hits an all-time high at $3057 and surged more than 15% this year as geopolitical tension increases demand for safe-haven assets. It is currently trading at around $3039. It is good to sell on rallies around $3048-50 with a stop-loss at $3080 for a target price of $2835.
EUR/USD gained sharply despite the increase in safe-haven demand assets. It hit an intraday high of 1.05465 and currently trading around 1.054356. It is good to buy on dips around 1.0530-25 with SL around 1.0490 for the TP of1.0660.
Chart pattern- Double bottom and Bullish divergence (Weekly chart) EURUSD gained sharply after a massive sell-off. It hit an intraday high of 1.03994 and is currently trading around 1.03917. It is good to buy on dips around 1.03725-50 with SL around 1.03000 for a TP of 1.0500.
EUR/USD has shown a minor pullback once gained after forming a bottom near 1.03400. It hit a low of 1.03393 and is currently trading around 1.03400. It is good to sell below 1.03400 with a stop-loss at 1.0380 and a target price of 1.02400 for potential gains.
The EUR/JPY breaks significant trendline support at 162.50 after a long consolidation on the strong yen. It hit an low of 162.20 and is currently trading around 162.24. The bearish intraday outlook is maintained as long as the resistance support 163.50 holds.
Chart pattern- Triple bottom EUR/USD has once again gained after hitting a low of 1.03425. It hit an intraday high of 1.03980 and is currently trading around 1.03863. It is good to buy on dips around the 1.0378-80 mark, with a stop-loss at 1.03370 and a target price of 1.0500 for potential gains.
The GBP/JPY currency pair pared some of its gains after weak UK jobs data.It dropped to a low of 196.88 at the time of writing and is currently trading around 197.08. The Potential Reversal Zone (PRZ) is set at 200.20. In October 2024, the number of people in the UK claiming unemployment benefits rose by 26.7 thousand, following a smaller increase of 10.1...
GBPJPY surged after upbeat UK retail sales. Currently, the pair is positioned above the short-term 34 EMA, as well as the 55 EMA (194.76 and 194.44) and the long-term 365 Hull MA (194.11) on the 4-hour chart. Near-term resistance is located at around 196, and a breakthrough here could signal bullish intraday sentiment. It could indicate a renewed uptrend from a...
Potential Reversal Zone (PRZ)- 1.09500 EURUSD trades weak on board-based US dollar buying. is consolidating after a massive sell-off. It hit a low of 1.109509 yesterday g and is currently trading around 1.09625. Intraday bias remains bearish as long as resistance 1.1000 holds. Markets eye FOMC meeting minutes for further direction. Technicals- The pair is...
GBPJPY consolidating in a narrow range between 194.37 193.89 for the past two days. It hits a high of 194.37 at the time of writing and is currently trading around 194.08. Overall trend remains bullish as long as support 192.50 holds. Technicals- The pair is trading above short-term 34, above 55 EMA (193.74 and 193.68), and long-term 365 Hull MA (193.89) in the...
GBPJPY consolidating in a narrow range between 194.37 193.89 for the past two days. It hits a high of 194.37 at the time of writing and is currently trading around 194.08. Overall trend remains bullish as long as support 192.50 holds. Technicals- The pair is trading above short-term 34, above 55 EMA (193.74 and 193.68), and long-term 365 Hull MA (193.89) in...
EURJPY pared most of its gains made on yen weakness. Intraday trend is weak as long as the resistance 163.50 holds. Indicator (1-hour chart and 15 min chart ) CCI (50)- Bearish (both 15 min and 1-hour chart) ADX- bearish (both 15-minute and 1-hour chart) It is good to sell on rallies around 162.38-40 with SL around 163.50 for a TP of 160
GBPJPY consolidating in a narrow range between 193.98 and 193.07 yesterday. It hit a high of 193.90 at the time of writing and is currently trading around 193.83. Overall trend remains bullish as long as support 192.50 holds. Technicals- The pair is trading above short-term 34, above 55 EMA (193.74 and 193.68) and long-term 200 EMA (193.80) in the 15-minute...