The USD/JPY continued its bullish phase from 76.00. Break below support level 80.00 would lead the price in neutral zone. For now we stay categorically long and only break of 78.60 could change our sentiments.  Intraday support is around 80.25 and sooner we would see a new upward movement. Break above 81.60 could lead the price to next resistance zone around 82.10. Continue reading →

After second unsuccessful test of key support level 1.5650 in previous week, cable continues the bullish movement. Today we are near to key resistance level 1.5930 and break there would lead the price to next resistance which is around 1.6090. Intraday support is around 1.5810 level. Continue reading →

The bullish phase from 1.2625 continues and break above resistance level 1.3490 would lead price to 1.3550 -1.3600. Resistance level around 1.3490 – 1.3500 could be strong and maybe we can see more than one test before break. First support is around 1.3370 and break there would lead the price in neutral zone. Continue reading →

The S&P index currently stands at its highest level since 2008 and it seems like there is no stopping it. Recently, good news seems to pour from every sector of the U.S. economy—from employment reports to housing sector and from financial to tech sectors. So far, majority of indicators confirm this uptrend in the index. Continue reading →

For the past two weeks, gold has been on an uptrend rising almost $85.  For this uptrend to continue though, the commodity has to break through a significant resistance zone around 1775.50. For now, the conflict with Iran and the uncertainty surrounding the Eurozone should provide for more opportunities to test that zone. Continue reading →

The pair recently failed to break through a key resistance zone at around 80.770 and since pulled back. The bias towards the pair is still bullish, so another testing and eventual success is coming. The next really strong resistance zone comes around 81.640. Continue reading →

“One of the biggest sources of upward pressure on dollar/yen has been the widening in U.S. — Japan two-year bond yield differentials,” said the strategists at Credit Agricole. “The widening yield gap already appears to be prompting foreign outflows from Japanese bonds… we maintain our view that it will reach ¥85.0 by the end of the year,” they added. Continue reading →

Yesterday the dollar weakened versus the British pound as well, although not as much as versus the euro. The hourly chart shows potential of double bottom formed by the 14 Feb and 22 Feb lows. Expectations for today are for range-bound trading with dominant bulls. Continue reading →

The dollar declined in the previous session and the euro rose to its highest level since mid-December, after a stronger-than-expected jump in the Ifo gauge of German business confidence out Thursday. EUR/USD broke above the 1.3320 resistance which can now be referred as an important support level. The pair gained serious momentum confirmed by price trading well above EMA 50 and EMA 200. Continue reading →