The USDCHF breaks below its 200 day moving average and 38.2% retracement of the move up from the December 2023 low |
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2024-05-23
By: Stanislav Bernukhov
In this week’s Exness Market Outlook we dissect the GBPJPY’s precarious stance on the forex ice. Are we on the verge of a Yen resurgence? Our analysis takes a deep look at the latest technical signals, including the intriguing story the RSI Indicator is telling about possible oversold conditions.
With Japanese bond yields nearing a crucial 1% mark, we explore the implications for carry trades and how this could bolster the Yen against its peers. Could this spell trouble for the British pound’s recent rally?
The GBPJPY pairing could be facing a chilling pullback, but what levels should traders keep an eye on? Our straightforward breakdown helps you understand the dynamics.
Stay ahead of the curve as we highlight key events including the impending FOMC minutes
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2024-05-17
What next for the pair as the week works toward the close
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2024-03-15
The USDCHF is higher on the week, but is correcting lower today. The correction has been testing a point area between 0.8818 and 0.8825. In the short term hold that level and the buyers are in firm control.
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2024-03-14
The USDCHF moves above its 200-hour MA and 100-bar MA on the 4-hour chart between 0.8799 and 0.8803. Stay above is more bullish going forward.
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2024-03-13
The NZDUSD has resistance at the 100-hour MA at 0.61669, and the low of a swing area at 0.61487
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2024-03-12
AUDUSD back below 38.2% target at 0.66059 gives sellers the control.
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2024-03-11
EURUSD sellers maintain control with slight downside movement, awaiting potential break below key support level
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