The EURJPY fails to regain the positivity – Analysis – 11-9-2020
Economies.com
2020-09-11 07:21AM UTC
The EURJPY pair attempted to regain its bullish bias by forming bullish wave, recording 126.44 level, while providing new negative close below the bullish channel’s support line at 125.90 reinforces the domination of the bearish bias for the upcoming period.
Also, stochastic continues to provide the negative momentum by reaching 20 level, allowing us to wait to crawl below the moving average 55 at 125.45 to open the way to target new negative levels that might extend to 124.12 followed by 123.40 on the near term and medium term period.
The expected trading range for today is between 125.90 and 124.10
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
Forex
The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...