The greenback has gone back and forth against the Japanese yen during the trading session on Wednesday as we continue to see the 50 day EMA come into play and cause a lot of back and forth.
Blogs
S&P 500 Forecast: Continues to See The 3000 Level – 28 May 2020
The S&P 500 initially broke down during the trading session on Wednesday but then turned around to rally significantly.
NASDAQ 100 Forecast: Refuses to Fall – 28 May 2020
The NASDAQ 100 initially tried to rally during the training session on Wednesday before turning around to show signs of extreme weakness.
EUR/USD Forecast: Continues to Test Same Area – 28 May 2020
The Euro rallied significantly during the trading session on Wednesday, and even broke above the 200 day EMA at one point.
USD/JPY Forex Signal: Consolidation Weakens Bullish Price Channel – 28 May 2020
Weakly bullish with low volatility
GBP/USD Forecast: GBP Pulls Back From 50 Day EMA – 28 May 2020
The British pound pulled back a bit from the 50 day EMA during the trading session on Wednesday as we continue to see the US dollar strength in overall.
AUD/USD Forecast: AUD Reaches of Major Region of Resistance – 28 May 2020
The Australian dollar has gone back and forth during the trading session on Wednesday, reaching towards the 0.6665 level before pulling back.
Bitcoin Forex Signal: Weakly Breakout from Price Channel – 28 May 2020
Strong resistance levels above price channel
WTI Crude Oil Forecast: Pulled Back From Gap – 28 May 2020
The West Texas Intermediate Crude market has pulled back just a bit from the gap above, as word got out that there were people in Russia suggesting that production cuts should be rolled back in late June.