Japanese Yen Strengthens on COVID-19 Worries
What happened? Japanese shares fell on Monday…
USD/JPY: "Doji" pattern on the 34 MA
2019-11-11 • Updated
There's a bullish "Doji", which has been formed at the local low. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.
We've got a "Doji" pattern on the 34 Moving Average. It's likely that the pair is going to reach the 89 MA soon. If a pullback from this line happens, bears will probably try to break the last low.
Similar
USD: a sudden plunge for a quick pick-up!
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
USD, GBP, JPY: the week of interest rates and monetary reports!
In a few days, primary Forex currencies will hear what their respective central banks think about the future - and we're about to trade it!
Latest news
Oil Prices Plunge On Falling Fuel Demand Concerns
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
Bitcoin 2024: The Story Is Cyclical
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
Will NFP Be Positive for the US Dollar?
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
