
What happened? Japanese shares fell on Monday…
2019-11-11 • Updated
AUD/JPY continues to rise after the recent breakout of the resistance level 84.00 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of this resistance level follows the earlier breakout of the resistance trendline of the well-formed daily Triangle from March – which accelerated the active impulse wave 3, which belongs to the intermediate impulse wave (3) from the middle of May. AUD/JPY is expected to rise to the next buy target at the next resistance level 84.50 (top of waves (1) and B).
What happened? Japanese shares fell on Monday…
AUD/USD has been trying to break higher for an extended period but without any chance. From April until today, all rallies’ attempts have faded as shown on the daily chart.
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
Japan's inflation is set to reach 2% in April's reading, for the first time since 2015. But what about the weaker Yen?!
Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.