Author: Forex Live

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0042; (P) 1.0086; (R1) 1.0117; More…. EUR/CHF’s fall continues today and breaches parity to as low as 0.9990 so far. Intraday bias stays on the downside for retesting 0.9970 low. Decisive break there will resume larger down trend. Next target is 0.9650 long term projection level. On the upside, however, above 1.0214 […]

USDJPY Aims for an Uptrend Resumption; Caution Detected

USDJPY managed to gain fresh buying traction around the resistance-turned-support area of 134.42 last week, with the price currently looking to extend its broad uptrend above the 20-year high of 136.70. Although the clear positive slope in the simple moving averages (SMAs) is still backing the bullish direction in the market, the momentum indicators warrant […]

EUR/CHF Approaches Parity Level

The EURCHF remains in firmly red and hits the lowest since March 7 on Wednesday, with parity level being in focus. The Swiss franc continues to benefit from the recent shift in the Swiss National Bank’s monetary policy as the central bank raised interest rates last week by 50% basis points from -0.75% to -0.25%, […]

EUR/USD: Bears Start to Regain Control after Repeated Upside Rejections But Still Need a Confirmation

Repeated failure at the base of a daily cloud and subsequent drop on Tuesday (0.6%) that registered a marginal close below 10DMA (1.0537) generated initial signal of recovery stall, though the action on Wednesday is again without direction. Fresh bears were partially offset by mixed, but with prevailing optimism EU member countries data that kept […]

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0481; (P) 1.0543 (R1) 1.0584; More… Range trading continues in EUR/USD and intraday bias remains neutral. Further fall is in favor with 1.0786 resistance intact. On the downside, sustained break of 1.0339/48 will resume larger down trend. Next target is long term projection level at 1.0090. In the bigger picture, focus stays […]

EURGBP Rangebound after Advance Pauses

EURGBP has been marching higher since its downtrend ceased at the 0.8510 region, generating a profound structure of higher highs and higher lows. Nevertheless, in the last few four-hour sessions, the pair has been trading sideways after its upside move got capped at 0.8645. The momentum indicators are reflecting a loss of momentum for the […]

USD/JPY Technical Analysis 29th June 2022

The US Dollar started a fresh increase from well below the 132.00 level against the Japanese Yen. The USD/JPY pair traded above the 134.50 resistance zone to start a fresh surge. The pair even climbed above the 136.00 level and the 50 hourly simple moving average. The pair traded to a new multi-year high at […]