Forex
Forex Free Trading Tips
EUR/JPY: Tactical Dips ‘Healthy’ Before A Bullish Breakout: Levels & Targets – BofAML
Bank of America Merrill Lynch Technical FX Strategy Research notes that the uptrend in EUR/JPY continues to stumble when attempting to make a weekly close through the 200wk SMA.
"It has come close on multiple occasions and failed, and Read More →
GBPJPY – British Pound Recovery Looks Real Vs Japanese Yen
Key Points
- The British after trading as low as 141.26 against the Japanese Yen started recovering higher.
- There is an ascending channel pattern with support at 142.30 forming on the hourly chart of the GBPJPY pair.
- Recently in Japan, the Read More →
NZDUSD – New Zealand Dollar Trades Below Key Resistance Vs US Dollar
Key Points
- The New Zealand Dollar declined this past week towards 0.7250 against the US Dollar.
- There are two important bearish trend lines with resistance near 0.7315 forming on the hourly chart of the NZDUSD pair.
- Recently in New Zealand, Read More →
USD: Lack Of Inflation Pressure Favors Slower Fed Rate Hikes And Soft USD N-Term – BTMU
BTMU FX Strategy Research notes that the Fed is facing a lack of progress on the inflation front which is already encouraging a shift towards a more dovish policy stance.
"Inflation proved weaker than expected for the fifth consecutive Read More →