Dow Jones Surges as Trade Deal Boosts Risk Appetite

USDCAD reversed from the long-term resistance level 1.4670 Likely to correct to support level 1.4400 USDCAD currency pair recently reversed down from the major long-term resistance level 1.4670, which stopped the previous sharp uptrend at the start of 2020, as can be seen from the weekly USDCAD chart below. The resistance level was further strengthened […]

EURJPY is hovering below the recent 171.56 high Yen failed to benefit from Monday’s euro weakness Momentum indicators point to weakening bullish pressure EURJPY is trading sideways today as the yen has failed to benefit from the euro’s weakness following Sunday’s European parliamentary election results. The pair is still hovering close to its recent 171.56 […]

NZDUSD reversed from support level 0.5860 Likely to rise to resistance level 0.5920 NZDUSD currency pair recently reversed up from the pivotal support level 0.5860 (which reversed the price twice in April), standing close to the lower daily Bollinger Band. The upward reversal from the support level 0.5860 stopped the c-wave of the previous minor […]