Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

USD/JPY is looking for a way

USD/JPY is looking for a way

Information is not investment advice

As we had foreseen earlier this week, USD/JPY traveled lower, to the 107.00 area. Then, however, it managed to rebound from the 50-day MA and return above 107.50. The pair still looks very tradable. We acknowledge efforts of buyers, but we see a resistance: 100-day MA at 107.82. On the H4, you may notice a higher high. If USD/JPY stays above 107.50 and breaks above 108.00, we’ll get an “inverted Head and Shoulders” pattern and target 108.40. On the other hand, a decline below 107.50/30, will shift the focus back down to 107.00/106.80.  

USDJPY.png

Similar

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Popular

USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

Choose your payment system

Learn more