Posts Tagged ‘USD/JPY’

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USD/JPY and AUD/USD Forecast — May 26th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 26th session. USD/JPY — As you can see, we rallied a bit during the day with 112.00 offering resistance. If we can break above 112.50, then the market can go higher. Ultimately, I think if we can break down below the 110.00 level, then we fill the gap and go to 109.00. This is […]

USD/JPY and AUD/USD Forecast — May 24th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 24th session. USD/JPY — The USD/JPY pair initially fell during the day on Tuesday and then rallied enough to form a very positive looking candle. It looks like we are going to continue to go higher, maybe the 112.50 or so. The 112.00 will be resistive, but it looks as if we are trying to catch up to the stock […]

USD to Close Week in Red Zone

Investors are gradually overcoming distrust in the US dollar. However, they are still taking it with a pinch of salt, so the greenback is trading under pressure. In the Asian trade today, the USD/JPY pair rebounded from a Thursday's low of 110.50. Today, the pair is trading at 111.25. Analysts foresee a downward correction to 111.00. Meanwhile, the US dollar index is trading flat. In the early session today, the US dollar index […]

USD/JPY and AUD/USD Forecast — May 16th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 16th session. USD/JPY — As you can see, we bounced a little bit during the day on Monday, as 113.50 has offered a little bit of support. We do have a lot of noise between here and 115.00. But recently the 61.8% Fibonacci retracement level has offered support. So, I think we are going to try to go to 115.00 […]

USD/JPY and AUD/USD Forecast — May 12th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 12th session. USD/JPY — As you can see, we have exploded to the upside over the last several weeks. But on Thursday we had a pullback and it showed signs of a risk-off trade. But just like on Wednesday, the buyers stepped in at about 113.50. But I think that the market will eventually reach towards the 115.00 handle which was […]

USD/JPY: Retreating — Forecast — May 10th 2017

In this video, the Trading Central looks at the currency pair USD/JPY for the May 10th session. USD/JPY — Looking at the intraday 30-min chart, the USD/JPY pair is taking a break, after rising 1.4% in three sessions. Currently, intraday technical indicators are turning down calling for downward momentum for the pair. On the downside, if the pair breaks down below 113.55, we expect the downtrend to extend. On the upside, only a break above the key resistance […]

USD/JPY has Broken Above a Declining Trend Line — Forecast — May 8th 2017

In this video, the Trading Central looks at the currency pair USD/JPY for the May 8th session. USD/JPY — Looking at the intraday 30-min chart, the pair has indeed broken above the rising trendline, in place since last Thursday. It remains supported by the rising 50-period Moving Average. Further advance is also expected above the horizontal support at 112.45. The first target is set at last Thursday's high at 113.05 and the next target set […]

USD/JPY and AUD/USD Forecast — May 5th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and AUD/USD for the May 5th session. USD/JPY — As you can see, we tried to rally during the day, but Thursday of course, right before the Non-Farm Payroll announcement, is going to be difficult and tough to hang on to. So, really when I look at this, I see this as a market that has been consolidating in the past between 112.00 and 115.00. And I think a pullback […]

Safe Haven Assets Up by Weekend

Being the worst performer on Forex this week, the Australian dollar was extending losses against the US dollar in the Asian trade. In the early trade, the AUD/USD pair slumped by 0.6% to a 4-month low of about 0.7380. Later, this pair corrected upwards to 0.7389. Analysts expect the Aussie to decline for long as Australia's economy depends greatly on the economic health of its major trade partner. Experts foresee a slowdown in China's economy citing recent downbeat […]

USD/JPY and NZD/USD Forecast — May 4th 2017

In this video, the Trader Guy looks at the currency pairs USD/JPY and NZD/USD for the May 4th session. USD/JP — As you can see, we broke out to the upside during the day clearing the 112.00 level and more importantly broke above the top of the shooting star from the previous session. So, I think that the market continues to go higher, perhaps reaching towards the top of the previous consolidation at 115.00. That does not mean it […]

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