اليوم، كما في سنة 2023 و2021 و2020، تزامنت مستويات الدعم الحاسمة في مؤشري أس أن بي 500 وناسداك مع نقطة التقاء المتوسط المتحرك لمدة 21 أسبوعًا والمتوسط المتحرك لمدة 100 يومToday, like in 2023, 2021 and 2020, crucial levels of support in the S&P500 and Nasdaq100 have coincided with the confluence point of the 21 week moving average and 100 day moving average. Watch now
The recent range of 1.58 - 1.64 is broken on the downside, which is likely to set a new lower range for the pair. Expect 1.54 or even 1.50 level.
Any comments?
All JPY crosses are showing some signs of exhaustion and it likely to cap the upside of USD/JPY below 84 for the time being.
Technical development of USD/JPY in hourly chart may point to a short term retracement.
Thus, Ppl already long USD/JPY may think of taking profit at 83.60, and re-enter the position if the pair trades near 82.00 again.
A likely double bottom and neckline at 1.6420.
Receding speculation of QE expansion from BoE supports GBP, while the rising risk aversion limits AUD upside.
Any comments?
What's your view on CAD/JPY?
Seems that the pair found strong support at around 78.50 and ready for 81.00 in the ST.
Gold/oil ratio (falling) points to a stronger oil this week, with Friday's Canada GDP (look for a positive growth), CAD is benefited.
In addtion, a tiny upside for JPY only as it trades near 79.78/80 level.
Thanks!
Justin
No one will exit the euro-zone, as the cost is too expensive.
Love your EUR analysis. Do you think the 1.27 target will come earlier than your forecast?
Justin