EURJPY gets rid of the negativity – Analysis – 21-3-2017
Economies.com
2017-03-21 07:57AM UTC
The EURJPY price didn’t achieve the main condition of confirming the correctional decline to rally above 121.20 in this morning, attempting to regain the bullish bias, the price gets its positive momentum from the stability of the moving average 55 below the current trading, to form an initial support at 120.30, which assists the price attempt to rally to 122.80 reaching to the top at 124.05.
Stochastic attempt to form bullish wave supports surpassing the negative pressure, which provides extra momentum to repeat the attempts to reach the suggested targets.
Expected trading range for today is between 120.30 and 122.80
Expected trend for today: Bullish.
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...