We have outlooked several promising Forex pairs and the result can surprise you!
EUR/JPY: a “Shark” pattern
Information is not investment advice
EUR/JPY has been trading within an uptrend channel since the end of March. The pair is testing levels above the 50-day MA at 125.35 and getting closer to the 100-day MA and the resistance line connecting March highs above 126.00.
The pair will likely be able to rise from the current levels and test resistance. The area between 125.85 and 126.00 will be attractive for selling given the “Shark” pattern that is formed on the chart.
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus