USD/JPY could see some weakness in the near-term. Major trend however remains bullish. 20-DMA at 128.67 is strong support
Technical: The near–term support is around $1850, yellow metal faces strong resistance of $1920, any breach above will take to the next level $1950/$1970.
BTCUSD tumbled as decrease in demand for riskier assets. Bear case- Levels to watch- $34000. Bull case- Primary supply zone -$38000.
Bounce off Major Trendline Support Down side eyes 200-EMA local support Stoch momentum is strong bearish if any break major trendline support scope more downside
EUR/JPY holds gains above 5-DMA, euro ignores disappointing German factory data EUR/JPY downside on account of bearish RSI divergence has retraced above 21-EMA. Major trend in the pair is bullish. Retrace above 21-EMA has raised scope for upside resumption. Next major bull target is 140 (yearly high).
USD/JPY consolidates previous session's slump, less hawkish-than-expected Fed dampens US dollar Stochs and RSI are on verge of bearish rollover from overbought levels and Chikou span is biased lower. Major Support Levels: S1: 129 S2: 127.81 (20-DMA) Major Resistance Levels: R1: 129.70 (5-DMA) R2: 131.46 (Upper BB)
GBPJPY declined slightly due to the strong yen. Technicals: On the lower side, immediate support is around 162, The minor resistance to be watched is around 164.25,
Gold gained sharply after Fed's monetary policy. the FOMC said in its updated policy statement. Technical: The near–term support is around $1880, The yellow metal faces strong resistance of $1920,
USD/JPY grinds sideways amid pre-Fed trading lull The major grinds sideways as traders stay wary amid pre-Fed trading lull. Some consolidation ahead of the potential breakout. Technical indicators support the current bullish stance. A hawkish outcome from the Fed will propel the pair higher.
EURUSD trades weak, markets eye US FOMC meeting The pair declined once again after a minor pullback to 1.15770. Technical- Any breach below 1.04700 confirms a bearish continuation; a dip to 1.03400 is possible. The immediate resistance to be watched is 1.0600; any violation above will take the pair to 1.0650/1.0700
Gold gained slightly after a decline of $40 this week. Markets eye US Fed monetary policy for further direction. Technical: The near–term support is around $1850,
GBPJPY is trading weak after a minor pullback from the previous week's low of 159.62. Technicals: On the lower side, immediate support is around 162, breach below will drag the pair to the next level to 159. sell on 162.50 SL 164.25 TP 159/156.
XAUUSD Finally Testing 21-EMA up side eyes 55-EMA Technical: The near–term support is around $1850, The yellow metal faces strong resistance of $1875, any breach above will take to the next level $1900/$1920.
EUR/JPY was trading rangebound on the day as the pair extends sideways above 21-EMA support Price action holds above 21-EMA support, break below will drag the pair lower
GBPJPY consolidating in a narrow range between 164.25 and 162.28 for the past three days. immediate support is around 162, breach below will drag the pair to the next level to 159.
Gold continues to trade weak on the strong US dollar. Markets eye US Fed monetary policy this week for further direction. breach below targets $1850/$1800 strong resistance of $1920, any breach above will take to the next level $1932/$1950/$1970.
The pair has edged slightly higher from session lows at 0.8367, finds strong support at 20-DMA Price action has resumed downside after being rejected at 200-DMA resistance Support levels - 0.8366 (21-EMA), 0.8345 (20-DMA) Resistance levels - 0.8411 (5-DMA), 0.8441 (200-DMA)
The pair has ignored 'Gravestone Doji' formation on the previous session's candle AUD/NZD trades with a bullish bias. Scope for test of 1.10 levels.