EURJPY surpasses negatively – Analysis – 12-1-2017
Economies.com
2017-01-12 08:50AM UTC
The EURJPY price continued forming negative trading since the last period, to notice its decline below the support at 121.60, to keep the bearish bias domination in the upcoming period, we expect targeting 120.00 level initially, to be attracted to 118.60 and faces the moving average 55.
Stochastic succeeded to reach the oversold level, which provides strong negative momentum to open the way towards forming new negative trading until reaching the suggested targets.
Expected trading range for today is between 122.00 and 120.00
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The NZDUSD price needs the positive momentum – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for NZDUSD Expected Scenario The NZDUSD price shows sideways trades in the ...
Forex
The AUDUSD price heads towards resting the neckline – Forecast today - 17-05-2024
2024-05-17 04:07AM UTC
Price Analysis for AUDUSD Expected Scenario The AUDUSD price faces temporary negative ...
Forex
The USDCAD price attempts positively – Forecast today - 17-05-2024
2024-05-17 04:06AM UTC
Price Analysis for USDCAD Expected Scenario The USDCAD price found solid support at ...