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Type: Bullish Continuation Key Levels:Resistance:1.07935Pivot:1.05085Support:1.03315 Preferred Case:The current bias for 6E1! on the H4 chart is bullish . To add to this bias, the price is currently above the Ichimoku cloud , indicating a bullish market. If the bullish momentum continues, expect price to possibly continue heading towards the 1st resistance line at 1.07935 where […]

AUDUSD, “Australian Dollar vs US Dollar” The currency pair is pushing off the signal lines of the indicator. The instrument is going below the Ichimoku Cloud, which suggests a downtrend. A test of the Tenkan-Sen line at 0.6695 is expected, followed by falling to 0.6465. An additional signal confirming the decline will be a bounce […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI is testing the resistance line. A downward breakaway of 2/8 (131.25) is expected, followed by falling to the support level of 1/8 (128.12). The scenario can be cancelled by rising […]

FX market continues to digest BOJ’s hawkish surprise yesterday, USDJPY volatility remains elevated. The market reaction to the shocking move of the Bank of Japan delivered a crushing blow to JGB demand resulting in a massive dump of Japanese bonds by investors. In turn, this effect caused the yen to strengthen by more than 4% […]

Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly break the pivot at 1469.00, where the previous high and 78.6% Fibonacci line […]

The Japanese yen against the US dollar remains at its four-month peaks. The current quote is 132.00. The BoJ decided to gain more control over the bond yield, and this decision will be affecting the market for quite long. It corrected long-term interest rates, giving them more space to grow than previously. This mechanism is […]