• Latest
  • Trending
  • All
Euro struggles below three-month highs, yen demand persists

Euro rejected from fresh highs, yen demand persists

March 4, 2020 09:41
Equities struggle amid economic and China-related concerns

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
Dollar lacks upside momentum due to lower Treasury yields

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
Stocks gain, dollar eases ahead of job market data

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off the pressure

December 26, 2022 05:13
Investors spooked by strong US data

Investors spooked by strong US data

December 23, 2022 11:55
Dollar lacks upside momentum due to lower Treasury yields

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
Risk demand reemerges cautiously, but caution remains in place

Risk demand reemerges cautiously, but caution remains in place

December 21, 2022 08:49
Dollar lacks upside momentum due to lower Treasury yields

US dollar resists selling pressure

December 20, 2022 10:44
Market sentiment dented by recession fears

Market sentiment dented by recession fears

December 19, 2022 02:53
Dollar lacks upside momentum due to lower Treasury yields

Greenback stays on the defensive nearly across the board

November 16, 2022 05:34
Investor sentiment improves, but gains limited

Investor sentiment improves, but gains limited

November 15, 2022 05:46
Dollar lacks upside momentum due to lower Treasury yields

Dollar licks wounds after plunge

November 14, 2022 05:05
  • Terms & Сonditions
  • Contact
Monday, January 30, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equities struggle amid economic and China-related concerns

    Equities struggle amid economic and China-related concerns

    Stocks gain, dollar eases ahead of job market data

    Dollar pressured by positive risk sentiment in thin markets

    Investors spooked by strong US data

    Investors spooked by strong US data

    Risk demand reemerges cautiously, but caution remains in place

    Risk demand reemerges cautiously, but caution remains in place

    Market sentiment dented by recession fears

    Market sentiment dented by recession fears

    Investor sentiment improves, but gains limited

    Investor sentiment improves, but gains limited

    Risk sentiment keeps deteriorating, dollar climbs

    Stocks celebrate US inflation, dollar slumps

    Virus, US-China tensions hit global markets

    Market sentiment turns cautious amid events in the US

    Investors look indecisive ahead of another volatile week

    Investors look indecisive ahead of another volatile week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Euro rejected from fresh highs, yen demand persists

Euro rejected from fresh highs, yen demand persists

USDJPY registered fresh early-October lows around 106.85 after yesterday’s plunge below 107.00

by Joseph Deen
March 4, 2020 09:41
in Technical analysis
0
Euro struggles below three-month highs, yen demand persists

EURUSD
Following yesterday’s rejection from early-2020 highs above 1.12, EURUSD has settled around 1.1160 on Wednesday, struggling to regain the upside momentum. Despite the impetus has slowed, the technical picture on the daily timeframes remains clearly positive as long as the prices stay above the three key moving averages. The initial important support arrives at 1.11, where the 200-DMA lies. Should the bias switch to a negative one, the common currency may challenge this level and retarget the 100-DMA at 1.1050. The daily RSI shows no any bias, having settled around the overbought levels, suggesting the bullish potential is limited at this stage.

GBPUSD
The pound turned marginally lower on Wednesday after yesterday’s recovery. The pair once again failed to break above the 1.2850 intermediate resistance and got back below the 1.28 figure. The cable stays below the 50- and 100-DMA since last week, with downside risks prevailing as long as the pair remains under the 1.30 psychological level. The daily RSI is pointing slightly lower in the neutral zone while the above mentioned show no any bias, confirming that the pair is directionless at this stage. On the upside, the immediate resistance arrives at 1.2850.  

USDJPY
USDJPY registered fresh early-October lows around 106.85 after yesterday’s plunge below 107.00. Once the pair refreshed the lows, it has switched into a recovery mode in oversold conditions. As a result, the daily RSI managed to reverse higher, with the dollar regaining firmly the 107.00 figure. Despite a bounce, the short-term technical picture remains bearish as long as the prices stays below the key moving averages. The key target on the way north is represented by the 200-DMA around 108.40. 

NZDUSD
Following a plunge to 2015 lows late last week, the Kiwi started to recover and extended gains to 0.6325 yesterday. But the pair failed to keep the upside momentum and trimmed intraday gains as a result. On Wednesday, NZDUSD remains below 0.63 but retains a modest bullish bias, suggesting the prices could make another upside attempt in the near future should the above mentioned figure give up. The daily RSI has been recovering from the oversold territory and pointing slightly upwards, suggesting there is some recovery potential ahead. 

EURGBP
The cross has been challenging the 200-DMA for a third day in a row. EURGBP has been steadily rising since February 19 and is on the verge of the next stage of the current bullish cycle. The pair is near five-month highs now and has reached a critical point. The fact that the prices struggle to break above the 0.8740 region since the start of the week suggests the bullish momentum may have been exhausted already. If so, the cross could shift into a corrective mode in the short term and target the initial support around 0.87.

Tags: EURGBPEURUSDGBPUSDNZDUSDUSDJPY
Share3Tweet2
ADVERTISEMENT
Joseph Deen

Joseph Deen

Joseph is a technical analysis expert. A graduate of NYU, Joseph has a master's degree in mathematics. On FWNews, Joseph provides exchange rates reviews and forecasts.

Related Posts

Equities struggle amid economic and China-related concerns
Fundamental analysis

Equities struggle amid economic and China-related concerns

December 29, 2022 08:55
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies stuck in ranges as New Year holiday looms

December 28, 2022 07:01
12
Stocks gain, dollar eases ahead of job market data
Fundamental analysis

Dollar pressured by positive risk sentiment in thin markets

December 27, 2022 04:50
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar tries to shrug off the pressure

December 26, 2022 05:13
12
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar back under pressure after short-lived relief

December 22, 2022 05:17
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

US dollar resists selling pressure

December 20, 2022 10:44
14

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Dollar lacks upside momentum due to lower Treasury yields

Dollar continues to refresh multi-year tops nearly across the market

April 28, 2022 12:59
14
Dollar lacks upside momentum due to lower Treasury yields

Dollar bulls take a pause, US data eyed

May 11, 2022 07:22
18
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays on the offensive despite improving risk sentiment

January 26, 2022 00:23
11

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2022 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2022 FWNews