Thursday, June 30, 2022

Tag: trade forecast

EUR/JPY Daily Outlook

Daily Pivots: (S1) 130.87; (P) 131.19; (R1) 131.80; More…. EUR/JPY’s break of 130.95 confirms up trend resumption. Intraday bias is now back on the upside. Rise form 114.42 should now target 100% projection of 114.42 to 127.07 from 121.63 at 134.28. On the downside,...

USDMXN extending to new day highs. Broke above 100/200 hour MAs today

First breaks above the 100/200 hour MAs since March 29 Earlier today, the near converged 100 and 200 hour moving averages were broken, then retested. When support held, that give the buyers the go-ahead to push higher. Getting above the 19.9804 to 19.9934 area (see red numbered circles), open the...

Break higher in EUR/JPY leaves it poised to finish the job

EUR/JPY up 80 pips to the highest since Sept 2018 The big FX breakout today is in EUR/JPY, which has cruised above the April 20 peak to the best levels since September 2018.

The NZDUSD hangs above 100 /200 hour MA in up and down session

The price has not traded below the 200 hour MA since April 13 The NZDUSD is hanging just above its 100 hour moving average of 0.71991 (blue line in the chart below). The low earlier in the day 0.72006 (when the MA was a bit lower).  

New highs for USDJPY

Buyers extended above swing area

USDJPY trades to new session highs as London/European traders look to exit

Swing area between 108.54 and 108.619 is eyed. The USDJPY has been able to extend above a topside downward sloping trendline AND 200 hour moving average in trading today.  The 200 hour moving average currently comes in at 108.226 (green line in the chart below). 

AUDUSD trades down to test swing area ahead of hourly MAs

AUDUSDs price high stalled near high from last week yesterday The pair moved up on both Friday and Monday after a break to new week lows on Thursday (and below a swing area between 0.7699 and 0.77101) failed. The rally took the price back toward...

USDCAD consolidate near lows after break lower yesterday

Price broke outside of consolidation range yesterday and ran lower The USDCAD finally broke and ran to the downside. The pair had mostly traded between 1.2469 and 1.2634 going back to March 18.  Yesterday, the price broke, and retested the lower extreme between 1.2469 and 1.24747. The sellers leaned...

US stocks open mixed. NASDAQ higher. Dow lower

S&P modestly higher A snapshot of the market currently shows In other markets as US stock trading gets underway shows: In the forex market, the US dollars now the strongest the majors, while the NZD remains the weakest (followed by the AUDUSD).  

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2063; (P) 1.2090; (R1) 1.2119; More…. Intraday bias in EUR/USD is turned neutral for consolidations below 1.2116 temporary top. But further rise is expected with 1.1992 support intact. Break of 1.2116 will resume the rise from 1.1703 for retesting 1.2242/2348 resistance...

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