EUR/JPY Price Prediction: Momentum builds above 185.00, positive signals support upward trend
EUR/JPY Cross Gains Momentum During the early hours of Thursday’s European trading session, the EUR/JPY exchange rate rose to approximately 185.20. This movement came as the Japanese yen (JPY) weakened against the euro (EUR), largely due to disappointing gross domestic product (GDP) figures from Japan. Traders are now looking ahead to Japan’s National Consumer Price […]
EUR/USD Price Prediction: 100-Day SMA halts upward movement
The EUR/USD pair has risen by over 0.32%, as traders are keeping an eye on the key psychological level of 1.1600. They are encountering significant resistance at the 100-day simple moving average (SMA) of 1.1567. Currently, the pair is trading at 1.1564, making a recovery from its daily low of 1.1526. EUR/USD Price Prediction: Technical […]
EUR/USD Price Prediction: Support for Euro from Hawkish ECB Outlook
On Friday in European trading, the euro (EUR) was hovering around 1.1550, showing a slight increase of 0.17% against the US dollar (USD). The rise in the euro, along with major currency pairs, reflects strong expectations that the European Central Bank (ECB) will raise interest rates during its upcoming September policy meeting. A poll conducted […]
US Dollar Index Price Prediction: DXY supporters look for a price breakout above 100.00
The U.S. Dollar Index (DXY), which measures the value of the U.S. dollar against a selection of other currencies, has seen an increase following yesterday’s sell-off after a drop in the Consumer Price Index (CPI). This uptick marks a potential fourth-day rise in its weekly trend. In early European trading on Thursday, the index reached […]
EUR/JPY Price Prediction: Drops to around 183.50 near nine-day EMA
The EUR/JPY currency pair saw its decline extend for the third consecutive day, trading close to 183.60 during the Asian session on Thursday. The 14-day Relative Strength Index (RSI) registered at 47.11, indicating a phase of neutral to weak momentum rather than a strong directional trend. This currency pair is currently below the 50-day exponential […]
US Dollar Index Price Prediction: Bounces back to close to 101.00 as positive outlook remains
The US Dollar Index (DXY), which tracks the USD’s value against six key currencies, is experiencing an uptick after two days of decline, sitting at around 101.00 during European trading on Thursday. It’s trading above the 50-day exponential moving average (EMA), showing a mild bullish trend in the short term. That said, this upward movement […]
US Dollar Index Price Prediction: Drops to around 101.00, as technical indicators stay positive
US Dollar Index Update The US Dollar Index (DXY), which gauges the value of the US dollar against a selection of six global currencies, is hovering around 101.10 during early European trading on Wednesday. The index dropped following disappointing U.S. consumer and producer price inflation figures for June, as traders mostly anticipate the U.S. Federal […]
EUR/JPY Price Prediction: Approaches the upper limit of the ascending triangle above 186.00
EUR/JPY Analysis On Wednesday, during Asian trading hours, EUR/JPY saw an increase for the second consecutive day, hovering around 186.20. The currency pair remains above both the 9-period and 50-period exponential moving averages (EMAs), which suggests a short-term bullish trend. Looking at the 14-day relative strength index (RSI) currently at 57.48, it indicates positive momentum […]
GBP/JPY Price Prediction: Remains above 218.00 as bulls target yearly high
The British pound has lost some strength following the appointment of new Prime Minister Andy Burnham, with the pound/yen pair stabilizing around 218.20. There are concerns about potential intervention from Japanese authorities, which have limited the pair’s upward movement, keeping it close to the highs seen earlier this year on July 15. GBP/JPY Price Forecast: […]
EUR/GBP Price Prediction: RSI approaches oversold territory as sellers maintain important resistance
EUR/GBP Market Update On Friday, the EUR/GBP currency pair saw a slight increase, marking its second consecutive day of gains as traders began to unwind short positions that had built up following a downturn earlier in the week. Currently, the cross is trading around 0.8501, but notably, it remains in a decline that has lasted […]