US Dollar Index Price Prediction: Stays under 102.00, nine-day EMA
The US Dollar Index (DXY) is seeing a slight decline after starting the day with a positive gap, hovering around 102.00 during the Asian trading hours on Monday. In the short term, the outlook appears optimistic as the Dollar Index stays above the 50-day Exponential Moving Average (EMA) and is testing the nine-day EMA, which […]
EUR/JPY Price Outlook: Stays near 177.50 by the nine-day EMA
The EUR/JPY pair has shown some appreciation after starting off with a bearish gap, trading around 177.50 during the Asian session on Monday. Technical indicators from the daily chart reveal that this currency pair is still within a descending channel, indicating a continuing bearish trend. Currently, EUR/JPY seems to have a capped movement as it […]
USD/CAD Price Outlook: Stays near 1.4200 after dropping below nine-day EMA
USD/CAD Overview USD/CAD has experienced a decline for the second day in a row, hovering around 1.4200 during the Asian trading session on Wednesday. Analyzing the daily chart, it seems the price is still within an ascending channel, indicating that the bullish tendency is ongoing. The USD/CAD pair maintains a positive outlook, remaining above the […]
AUD/USD Price Prediction: Falling 20-day EMA suggests further decline
The Australian Dollar (AUD) has seen a slight increase, trading at about 0.6960 against the US Dollar (USD) during the European trading hours on Tuesday. This small rise comes as the US Dollar experiences some pressure, influenced by a drop in US Treasury yields ahead of the release of the Consumer Price Index (CPI) data […]
EUR/JPY Price Outlook: Drops below 178.00 after retreating from nine-day EMA
EUR/JPY Experiences Slight Decline After a modest rise the previous day, EUR/JPY is trading lower, hovering around 177.90 during the Asian trading session on Wednesday. A look at the daily chart indicates that this currency pair remains within a downward-sloping channel, which hints at a prevailing bearish sentiment. The near-term outlook for EUR/JPY stays bearish […]
USD/JPY Price Outlook: Continues to find support from the 20-day EMA before US NFP
The Japanese Yen (JPY) is strengthening against the US Dollar (USD) as we approach the release of the Nonfarm Payrolls (NFP) data for September in the United States, scheduled for 12:30 GMT. During European trading, the USD/JPY pair fell by 0.3% to about 157.60, influenced by the weakness of the US Dollar. The US Dollar […]
EUR/JPY Price Outlook: Approaches nine-day EMA support around 180.00
The EUR/JPY pair has retraced some of its recent gains, currently trading near 180.10 during the Asian session on Friday. A closer look at the daily chart indicates that the currency pair remains within a downward channel, signaling a continued bearish sentiment. In the near term, the EUR/JPY maintains a bearish outlook as it trades […]
USD/CAD Price Prediction: Approaches 50-day EMA resistance with possible bullish breakout
USD/CAD Continues Upward Trend The USD/CAD pair is on a roll, marking its fifth day of gains, with current trading around 1.3910 during Asian trading hours on Tuesday. Analyzing the daily chart reveals that the price sits slightly above the upper trendline of a descending channel, which may suggest a bullish breakout is possible. However, […]
EUR/JPY Price Outlook: Stays above 185.50 near nine-day EMA
EUR/JPY Overview The EUR/JPY currency pair is holding steady after a slight increase the previous day, hovering around 185.80 during Friday’s Asian trading session. Analyzing the daily chart reveals that this currency cross continues to move within an upwardly sloping channel, which suggests a prevailing bullish sentiment. This positive outlook for EUR/JPY is indicated by […]
USD/JPY Price Prediction: 20-day EMA remains a significant obstacle
The Japanese Yen (JPY) has seen an uptick against the US Dollar (USD) on Wednesday, with the USD/JPY pair declining by 0.1% to around 159.00. This strengthening comes as speculation grows that the Bank of Japan (BoJ) will increase its policy rates by 25 basis points (bps) to 1.25% in the upcoming September meeting. Analysts […]