PooryaAchTrader
USDJPY If the triangle breaks down .......... . Ready
We have to wait and see if this failure will fail. Or will return from the red range. If the dollar is weak in the coming days and the rising price of oil also supports the Canadian dollar, it can be seen to decline. Fundamental news is important
What I would ideally like to see next is for rates to dip back down to that 1.0870 to 1.0915 old resistance area, which should then turn into support, leading to a nice rebound. Anyway, the key takeaway point is that with such a strong resistance area (1.0870 to 1.0915) having been cleared after a very long period of consolidation, it is highly likely the EUR/CHF...
Yet this forgotten currency pair looks the most constructive, after its big breakout earlier in the week. I think the EUR/CHF is likely to continue higher for weeks to come, potentially providing a lot of trading opportunities on the long side. You should add EUR/CHF to your FX watch list if you haven’t already. We have to look for a buy signal in it
USD/JPY traded lower during the Asian morning Friday but hit support at 105.85 and then it rebounded strongly, to briefly overcome the overnight high of 106.43. Then, it pulled back again and is currently slightly below that barrier. Overall, the pair is printing higher highs and higher lows above the upside support line drawn from the low of Jan. 6 and thus, we...
I made this deal and if the New Zealand dollar can hold its own this week I expect it to reach the first target
However, we can see a temporary drop in the pound and it will probably reach our first support and target this week. Market conditions can also change this
The euro is on the rise and after correction to one point we can see its growth against the Japanese yen. And even higher goals this week