Am looking at these few pairs for next week guys let me know what you guys
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USD/JPY is trading at 104.64 at the time of writing in between a range of 104.40 and 104.84 for the day so far, firing despite the meltdown in the US dollar.
The miss on US CPI, 1.4% vs 1.5%, provided another blow for USD bulls with the DXY now trading below its 50DMA while the US 10-year yield tests its 10DMA trading down over 1.6%.
The yen continues to show...
Gold had been making headway to the downside ahead of the NFP event.
Bulls are stepping in below the prior week's low in $1,802, a break of which opens $1,830 target.
If there is a miss in expectations in the NFP's report, the dollar could come under pressure at the resistance and a 38.2% Fibonacci retracement has a confluence with prior structure. Consequently,...
The Eurozone single currency has surged by 1.90% against the Canadian Dollar since January 21. The surge was stopped by the 200– period simple moving average last week.
All things being equal, the currency pair is likely to continue to edge higher during the following trading sessions. The potential target for the exchange rate would be near the 1.55575 level.
USD/ZAR has been trading in a tight range above its 14.5044 December trough over the past few weeks before suddenly surging higher at the beginning of this year and reaching the 15.4966/15.7362 resistance area. It is made up of the mid-to-late November highs which may short-term cap.
Once the pair overcomes the 15.4966/15.7362 resistance area, the 2020-2021...
The bias in the USD/MXN still favors the upside, despite the recent correction.
USD/MXN is trading modestly higher on Wednesday, after retreating for two days. Price held above the 20.00 area, keeping a bullish bias in the short-term. Another test of the 20.45/50 area seems probable (downtrend line/ 100-day simple moving average).
The positive bias has a critical...