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Monthly archive June, 2017

EURJPY – Euro To Japanese Yen In Uptrend Towards 125.50

Key Points

  • The Euro made a nice upside move above the 124.50 resistance against the Japanese Yen.
  • There is a major ascending channel with support at 125.05 formed on the hourly chart of EURJPY.
  • Today in Japan, the Consumer Confidence Read More →

AUD/USD: Low Tech Conviction Here; Weekly Close Key – NAB

NAB FX Technical Strategy Strategy Research notes that AUD/USD repeated failures above 0.77 in 2017 confirm that resistance at 0.7750/0.7835 is likely to remain a firm obstacle.

"The recent bullish weekly reversal pattern has had a neutralising impact on Read More →

Pound looking jittery ahead of 8th June elections, USD reacts to lower yields

US Dollar has failed its small rebound from 6 1/2 month lows and is now back to 96.68 on the US Dollar index, close to last week’s lows. USD weakness has been attributed to the current investigations of Trump’s ties Read More →

EURCHF – Can Euro Break 1.0900 Vs Swiss Franc?

Key Points

  • The Euro after finding bids near the 1.0870 support against the Swiss Franc started an upside move.
  • The EURCHF pair moved higher, but facing a major bearish trend line at 1.0900 on the hourly chart.
  • Today in the Read More →