AUD top is likely at around 1.0350 (double bottom target). Next week lots of Chinese data may affect the AUD. Market expects better IP and higher trade surplus (import growth also).
ما هي احتمالية حدوث الركود الاقتصادي هذا العام؟ للإجابة على هذا التساؤل وغيره المزيد، انضموا إلى ندوة أشرف العايدي يوم الثلاثاء 7 فبراير2023 الساعة 10 مساءً بتوقيت الرياض للتسجيل من خارج السعودية و للتسجيل من السعودية فقط الرجاء النقرهنا
Dax 200 MA Extension
If the DAX40 maintains its habit of extending 13% above its 200 DMA, then current upside may extend to as high as 15300, just below the 76% retracement of the decline from the Jan 2022 high to...
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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