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<p>Japan’s 225 stock index barely surpassed the 2019 support-turned-resistance level of 19,239 as the blue Kijun-sen line stood tall. Nevertheless, it managed to close slightly above the 20-day simple moving average (SMA). The RSI and the Stochastics reflect that downside risks remain in place as the former seems to be losing momentum before

<p>Sterling slid on Friday after UK Prime Minister Boris Johnson tested positive for coronavirus, although Number 10 was keen to stress that he’s only experiencing mild symptoms. I’m not quite sure why the positive test result warranted such a move in the currency, it’s just another reminder of how otherwise rational markets do have a [&helli

<p>Personal income advanced by 0.6% month-on-month in February, above market expectations (+0.4%). Subtracting inflation and taxes, real disposable income growth was also strong, rising by 0.4% in the month. According to the Bureau of Economic Analysis, the rise in income reflected increases in compensation of employees and farmer proprietors

<p>EURCAD is currently trading between the 50-period simple moving average (SMA) and the lower Bollinger band under conditions of evaporated directional momentum. The consolidation of the price comes after a drop from the 2-year high of 1.5991. Backing this neutral view is the squeeze in the Bollinger bands and the convergence within the 50-

<p>The euro currency is starting to weaken against the US dollar after the pair found strong technical resistance from just below the 1.1100 level. EURUSD sellers could target the 1.0900 level if the technically important 1.0980 level is breached with conviction. Traders need to close the weekly candle above the 1.1075 level to encourage new

<p>The US dollar has turned bearish against the Japanese yen currency after breaking below the technically important 110.00 level. A bearish breakout from a rising price channel has now taken place and could see the USDJPY pair falling towards the 107.50 level. Near-term strength above the 108.90 level could provoke an important technical ret

<p>On Thursday, the EUR/USD currency pair raised to the 1.1050 level. During today’s morning, the pair reversed south from the weekly R1 at 1.1080. It is likely that the exchange rate could trade downwards in the nearest future. Note that the rate could gain support from the monthly PP at 1.0968. If the given support […]

<p>Yesterday, the GBP/USD exchange rate reached the resistance cluster formed by the Fibo 23.60%, the monthly S3 and the weekly R1 in the 1.2200 area. During Friday morning, the rate was testing the given resistance. If the given cluster does not hold, it is likely that the British Pound could continue to appreciate against the […]

<p>On Thursday, the USD/JPY currency pair declined below the 109.00. During today’s morning, the pair re-tested the support level—the Fibo 38.20% at 108.44. It is likely that the exchange rate could trade upwards in the nearest future. However, note that the rate would have to surpass the weekly PP, the Fibo 50.00% and the 200-hour [&he

US Dollar Index Price Analysis: DXY records its largest weekly decline since 1986