
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Don’t waste your time – keep track of how NFP affects the US dollar!
Data Collection Notice
We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.
Join Us on Facebook
Stay on top of company updates, trading news, and so much more!
Thanks, I already follow your page!Beginner Forex Book
Your ultimate guide through the world of trading.
Check Your Inbox!
In our email, you will find the Forex 101 book. Just tap the button to get it!
Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77.93% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.
You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.
Information is not investment advice
The market keeps fighting through uneasy times. Today, however, the picture seems to be sunnier than at the beginning of the week. Currency table is relatively balanced in favor of the US dollar, the oil and gold prices made a step up.
Strategic uncertainty supports the US dollar, making it a good bet in the long term. In the short-term, however, it does not win all the time against other strong currencies. USD/JPY, for example, is the only pair where the USD moved up against its counterpart recently. In the meantime, it has stepped back before GBP, AUD, and EUR in the very recent hours.
Resistance: 107.87; 108.04
Support: 107.54
On the H1 chart, USD/JPY is testing the resistance of 107.87 which is there since April 17. There is a high likelihood that it will be the barrier that will make the price bounce downwards. However, if the bullish momentum is strong enough, it will be broken – in this scenario, we will have a sure sign that 108.04 would the next tactical upside target.
Oil is now in a recovery phase. WTI trades at $15 per barrel, and Brent at $22, which is a good sign. Both are approaching the level from which the collapse on Monday and Tuesday respectively took place. That means we will have a good checkpoint for the oil price to see if it is going to cross that barrier further upwards.
Resistance: 17.50
Support: 10.00
WTI’s picture looks promising but needs verification because there are no fundamentals for optimism. The current uptrend is aiming upwards at the closest resistance at $17.50 – that’s where it fell from when going to the negative zone. Crossing that level would mean oil is likely to stabilize above that level. Failing to do that would mean further unpredictability and vulnerability.
XAU/USD is back above $1,700. In fact, it reached as high as $1,718 but retraced downwards just a bit. Currently, it is on a rising trajectory and may well challenge the heights of $1,740.
Resistance: 1,718; 1,740
Support: 1,708
The upswing which starts in the area of $1,663 for gold and reaches the current $1,718 is well visible. If gold price breaks this uptrend in any manner, it would mean that it’s not ready yet to aim higher and would go sideways across the current level.
Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
Ichimoku Kinko Hyo EUR/JPY: The EUR/JPY pair is now trading within the Kumo…
Ichimoku Kinko Hyo USD/JPY: The USD/JPY pair is now trading above the Kumo…
Last year was tough for the Japanese yen. USDJPY gained more than 30% over 2022, striking above 150 in October. While anticipation of slower Fed rate hikes pulled the pair below the 130 level at the start of 2023, the speculations over the destiny of BOJ’s yield control policy grabbed the attention of the Japanese assets in the middle of January. What lies ahead for traders of the Japanese yen?
Today, at 5:00 pm (GMT +2), the Bank of Canada will publish the Overnight Rate, which represents short-term interest rates, and is pivotal to the overall pricing of the Canadian Dollar in the global markets. Let's look at how the markets are faring ahead of the BoC rates release.
In a call scheduled for January 25, 00:30 am GMT+2, Microsoft will publish the company's earnings for the final quarter of 2022 and comment on the results, projections, and outlook for the nearest future of the company.
Your request is accepted.
We will call you at the time interval that you chose
Next callback request for this phone number will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later