Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (80.89).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (80.89).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. SGDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a...
The Preliminary Japanese GDP for the second quarter decreased by 7.8% quarterly and by 27.8% annualized. Economists predicted a lower of seven.6% and 27.2% annualized. Foreign exchange merchants can evaluate this to the Japanese GDP for the primary quarter, which decreased by 0.6% quarterly and by 2.2% annualized. Preliminary Personal Consumption for the second...
SGDJPY Forex Cross Pairs dropping with new supply levels imbalances being created. Weekly supply level around 82.27 has gained control, price is reacting to it creating weekly bearish engulfing patterns and new daily supply level around 82.48. That last daily supply imbalance has taken control a few days ago and had price drop very sharply from it.
New supply...
