USDJPY is still in the long-term downtrend channel.
As the US Dollar Index weakens, non-US currencies will continue to appreciate, and the Japanese Yen is no exception.
On the picture, the H4 of USDJPY is in a long-term downward channel. Even if the Bank of Japan continues to block the rise, it can hardly stop the weakness of the US dollar. The yen will continue...
AUDUSD is still in the long-term uptrend channel.
The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer.
From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan...
The U.S. Dollar Index ( DXY ) rise in the short-term, but will downtrend in the long term.
Jan.06 2021, U.S.Capitol riots
U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar.
U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend.
Reliability: 3-10 Markets Days.
GBPUSD is still in the Uptrend.
With the rebound of the US dollar index and the recent decline of non-US currencies, the British pound remains strong relative to other currencies, maintaining an upward trend. Currently, it faces the 1.37 integer mark and waits for a breakthrough.
In Jan.19 idea on the EURUSD: US Dollar Index is estimated to have a chance to fall...
EURUSD will Go Long in Mid-Term.
EURUSD in downtrend begin Jan.06, because U.S.capitol riots let be global markets money entry U.S.Dollar (Index).
EURUSD will Go Long in Mid-Term after Jan.20 U.S. presidential inauguration, and U.S.Dollar index will downtrend.
Reliability: 3-10 Markets Days
USDCAD in the downtrend.
The recent increase in oil prices has driven the Canadian dollar to appreciate.
With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise.
So the Canadian dollar has the opportunity to continue to appreciate in the...
The New Zealand dollar is the strongest currency in the past three months. It fell back after reaching 0.7104 at the highest level last week. It closed at 0.7035 on Friday, still above the 0.7 integer.
By technical analysis, NZDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy NZDUSD.
Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate.
By technical analysis, AUDUSD is still in the ascending channel. It is recommended...
USDJPY has a higher chance of upward.
USDJPY is currently in a triangle shape. With the market risk sentiment preference, the stock index has generally risen, and the chance of the yen depreciation has increased.
It is recommended that USDJPY go long when the price fall back the support.
The Swiss franc, which is highly linked to the euro, will continue to appreciate if the euro continues to rise.
Therefore, USDCHF will also continue its downtrend, and it is recommended when price to rebound below the under resistance, sell USDCHF in batches.
GBPUSD touch 1.3539 last week and then fell back. It closed at 1.3428 on Friday, still above the 1.3400 integer.
The uptrend unchanged, it is recommended when price fall back above on the support, buy GBPUSD in batches.
EURUSD uptrend unchanged.
EURUSD touch 1.2177 last week and then fell back. It closed at 1.2121 on Friday, still above the 1.2100 integer.
The uptrend unchanged, it is recommended when price fall back above on the support buy EURUSD in batches.
Hello traders, hope you are having a pipfull week.
So here is our analysis on USDCAD.
As we can see that the pair is moving in the channel and consolidating
fo a period of time now, so its good to wait for the pair to break from the
channel. Its currently at the support zone and will fall a bit till the support of the
it will be interesting...