Technical Analysis – worldforexbrokers

The Japanese yen is hovering near a Thirty year low.

Forex News, Technical Analysis
October 14, 2022October 14, 2022

As the Bank of Japan vowed to maintain ultra-easy monetary policy despite clear indications that other major central banks will tighten further to combat surging inflation, the Japanese yen depreciated past 147 per dollar. Briefly, it breached the 147.64 level, bringing it to its lowest level since August 1990. BOJ Governor Haruhiko Kuroda emphasized the importance of assisting the economy’s… Read More »The Japanese yen is hovering near a Thirty year low.

The USD/JPY is trading above 146.00 for the first time since 1998

Forex News, Technical Analysis
October 12, 2022October 12, 2022

The USD/JPY is consolidating its recent surge to new 24-year highs near 146.40. Investors are trading with caution now that the pair has broken through the key 145.90 level, which was previously a trigger point for Japanese intervention. The US dollar extends its uptrend ahead of the Fed minutes. The USD/JPY pair struggles to capitalise on its modest intraday uptick… Read More »The USD/JPY is trading above 146.00 for the first time since 1998

USD/JPY Horse Ride will End?

Technical Analysis
September 16, 2022September 16, 2022

USDJPY from Jan 2021 started the horse ride at 102.50 and touched the peak 143.50 around 4100 pips up and still holding its support. Expected strong resistance at 146.50 and Target 1 @ 139.30 (720 Pips) comes with Target 2 @ 132.80 (1370 Pips)Keeping the Stop Loss @ 148.25 to 148.50 valid range. Fundamental: Why is the Japanese yen Weak?The… Read More »USD/JPY Horse Ride will End?

Inverted Cup and handle pattern in XAUUSD

Technical Analysis
September 15, 2022September 15, 2022

Gold against the Dollar has been sideways since September Ist, 2022, traded between 1700 to 1726 for almost a month for almost half of the month, Stronger CPI data on Tuesday affect the gold market by making the Dollar strong,Bearish momentum has supported by Inverted Cup and handles pattern,Market sentiment on Gold is also mostly bearish, it can be understood… Read More »Inverted Cup and handle pattern in XAUUSD

News from overnight:

Technical Analysis
September 14, 2022September 14, 2022

BoJ reportedly conducted rate check-in in apparent preparation for currency intervention. Japan’s Matsuno says sharp FX fluctuations are not desirable. South Korea’s vice fin min says closely monitoring financial and forex markets. Some US railroads will start halting certain shipments on Thursday 15 September 2022 due to strikes. Nomura now forecasting a 1% FOMC interest rate hike (100bp) following yesterday’s… Read More »News from overnight:

Gold with Double bottom eyes on 1760 during mid of September

Technical Analysis
September 9, 2022September 9, 2022

Short term analysis Weakening Dollar and Strong Euro is giving a boost for Gold to move upwards near 1760, it might retrace the 1720 zone before moving up, it could happen in the coming week. Long term analysis As of now, gold bulls have held long-term support directly in the face of one of the strongest USD rallies experienced in… Read More »Gold with Double bottom eyes on 1760 during mid of September