The EURJPY begins negative action – Analysis – 1-8-2019
Economies.com
2019-08-01 07:53AM UTC
The EURJPY pair started to form clear negative action by declining towards 120.55 level, reinforcing the negative scenario caused by the price consolidation within the main bearish channel, while the price needs to break 119.60 to open the way to form additional negative attack and target the next negative station at 118.40.
Stochastic begins losing the negative momentum by attempting to crawl below 50 level, forcing the price to hold below the initial resistance at 122.00 until touching the waited targets.
The expected trading range for today is between 121.25 and 119.60
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex
Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex
Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...
Forex Technical Analysis
Forex
The USDCHF price gathers the positive momentum – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price faced temporary negative pressure ...
Forex
The NZDUSD price places higher lows – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price ended yesterday positively to settle ...
Forex
The AUDUSD price is recovering – Forecast today - 02-05-2024
2024-05-02 04:02AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price surpassed 0.6500$ level and settled ...