EURJPY is a tough pair to figure out. I think that’s partly because it does not have its one driver but rather it is being torn by the movements of the EUDUSD and the USDJPY. Still let’s have a look starting with the daily charts and moving
Read more →The Aussie has retraced less than on the Euro based withdrawal from the October rally. This is the 50% fibonacci retracement level. It appears to be in a channel this week. Similar to the bear trap that we saw in the Euro two days ago, Aussie subsequently
Read more →Euro appears to display a failed break on the daily chart. Despite intraday action breaking down the 61.8% retracement of the October rally, the daily candles print a long tail with a close above this support level. This appears to indicate that the support is solid. There
Read more →Make use of this tidy little table (see screen capture below) that shows critical information for enterprises: Domestic interest rates Exchange rates Interest rates of banks and finance companies Singapore overnight rate average
Read more →Euro shows a consolidation pattern that is similar to a symmetrical triangle. Such patterns can both be continuation as well as reversal patterns so the direction of the Euro is now unclear. What is clear is that Euro has retraced 61.8% of the October rally so this
Read more →There is no reversal of daily chart yet although there is a hint on the H4 chart. Price movement in both directions in the past 2 days are very strong so be mindful of volatility ahead.
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