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<p>The single European currency versus the Japanese Yen rebounded from the monthly support level at 117.89 on Monday. As a result, the currency pair surged by 212 basis points or 1.78% in value during yesterday’s trading sessions. As for the near future, the exchange rate will most likely continue to trade bullish. A breakout through [&

<p>The Australian Dollar has appreciated by 257 basis points or 4.49% in value against the US Dollar since yesterday’s trading session. A breakout through the upper boundary of a descending channel pattern occurred on Tuesday morning. Given that a breakout had occurred, the AUD/USD exchange rate will most likely continue its bullish mom

<p>The US Dollar appreciated by about 170 basis points or 1.18% in value against the Canadian Dollar on Monday. The currency pair breached the 50– and 100– hour SMAs during yesterday’s trading session. Currently, the exchange rate is trading near the bottom border of an ascending channel pattern at 1.4408. Most likely, a breakout could

<p>The New Zealand Dollar has surged by 227 basis points or 4.06% in value against the US Dollar since Monday’s trading session. The currency pair tested a resistance cluster at 0.5774 during the Asian session on Tuesday. The exchange rate is currently trading near the upper boundary of a descending channel pattern at 0.5811 and [&helli

<p>The Australian dollar regained traction and rose to session high at 0.5975 on Tuesday, driven by fresh optimism in the market on Fed&#8217;s latest measures that boosted risk appetite. Comments from US Treasury secretary that $2 trillion dollar aid package is close to be passed in the Congress add to positive sentiment along with RBA [

<p>The EUR/GBP is bullish. We can see two distinct POC zones, but the chance is that the price will bounce from the first POC zone. The POC zone 0.9280-90 could make the price bounce towards higher levels. In case of a deeper retracement fresh buyers also wait within 0.9070-0.9100. But, if the price makes a […]

<p>The EUR/USD made a new lower low. But price has reached or is close to hitting the 88.6% Fibonacci support. Will price bounce at support? Monthly chart The EUR/USD is likely to see a retracement. But the overall picture is bearish. After a pullback the EUR/USD looks ready for a decline within the downtrend channel. […]

<p>Asian shares rebound on Fed’s unlimited QE pledge Pound shaky as UK enters coronavirus lockdown Time for Gold to rebound towards $1600? As monetary policy bazookas prove ineffective against the coronavirus-induced market chaos, central banks are taking unprecedented steps in defending their respective economies against the pandemic.

<p>EURJPY is currently tackling the 50-day simple moving average (SMA) and the downtrend line drawn from January 16, after buyers resurfaced last week pivoting the price at the lower Bollinger band around 116.89. The pick-up in positive momentum is also reflected in the short-term oscillators. The MACD, in the negative zone, has moved above i

<p>GBPUSD has been consolidating losses since the day it plunged to a 35-year low of 1.1409, unable to close above the 1.1675 barrier too. The momentum indicators, though, are currently encouraging that the sell-off may have found a bottom and the pair may be pushing for some recovery. The RSI and the Stochastics are pointing […]