Trading news

USD/JPY another higher low is printed out



The USD/JPY aka "ninja" has been printing out higher highs and higher lows on intra day charts. If 101.75 holds we might see another push towards 102.70 and 103.05 as we can see a T89 on H4 chart. POC comes withing 102.05-102.18 (trend line/steep trend line, L3, X-Cross ™,historical buyers). Although I am not a fan of steep trend lines, this one follows the price and it is making an X-Cross ™ with other confluence factors. New rejection could use a fresh momentum from a new higher low towards fresh daily highs. However if 101.75 fails we could see a dip towards 101.30.

Thursday, 15 Sep, 2016 / 1:58

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://www.admiralmarkets.com/analytics/technical-analysis/

Trading news

 

Jerome Powell speaks to the Wall Street Journal, the markets react instantly

The Fed Head’s WSJ interview generated plenty of interest in the [...]

Posted on Friday, 05 Mar, 2021 / 1:03 under

Dollar surges, stocks sink after Powell lets yields run loose

  Powell gives no hints about possible action to stem selloff in [...]

Posted on Friday, 05 Mar, 2021 / 10:26 under

Inflation fears & rising bond yields spooked investors – FTSE 100 Market Outlook – 05/03/2021

Stocks in London were going up nicely yesterday during the European trading [...]

Posted on Friday, 05 Mar, 2021 / 9:28 under