USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is consolidating near the upside border of the range. In this case, the price is expected to rebound from the resistance at the 5/8 level and then continue falling to reach the support at the 3/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the H1 chart, the price may break the 5/8 level and continue falling trading to the downside to reach the support at the 0/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
In the M15 chart, the pair may break the downside line of the VoltyChannel indicator and, as a result, continue moving downwards.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
USDCAD, “US Dollar vs Canadian Dollar” In the H4 chart,
USDCAD may break the 2/8 level and then continue falling towards the support at the 0/8 one.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future In the H1 chart,
EURUSD is consolidating between the 3/8 and 5/8 levels. If the price breaks the downside border of the range, it may continue falling towards the support at the 0/8 level.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
As we can see in the M15 chart, the pair has broken the downside line of the VoltyChannel indicator and, as a result, may continue moving downwards.
Risk Warning: the result of previous trading operations do not guarantee the same results in the future
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
EUR/USD flirts with daily tops near 1.0730
The continuation of the selling pressure in the Greenback now lends further oxygen to the risk complex, encouraging EUR/USD to revisit the area of daily highs near 1.0730.
USD/JPY looks stable around 156.50 as suspicious intervention lingers
USD/JPY remains well on the defensive in the mid-156.00s albeit off daily lows, as market participants continue to digest the still-unconfirmed FX intervention by the Japanese MoF earlier in the Asian session.
Gold holds steady above $2,330 to start the week
Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.
Week Ahead: Bitcoin could surprise investors this week Premium
Two main macroeconomic events this week could attempt to sway the crypto markets. Bitcoin (BTC), which showed strength last week, has slipped into a short-term consolidation.
Five Fundamentals for the week: Fed fears, Nonfarm Payrolls, Middle East promise an explosive week Premium
Higher inflation is set to push Fed Chair Powell and his colleagues to a hawkish decision. Nonfarm Payrolls are set to rock markets, but the ISM Services PMI released immediately afterward could steal the show.