What happened? Japanese shares fell on Monday…
USD/JPY: lower 'Window' acted as support
2019-11-11 • Updated
The lower 'Window' has acted as support, so there's a 'Doji' pattern, which has been confirmed. Thus, it's likely that the market is going to test the upper 'Window' and the Moving Averages in the short term. If a pullback from these levels happens next, there'll be a moment to have a decline towards another support at 108.13.
Similar
Weaker dollar - cheaper dollar. What else may be a conclusion to be drawn from the USD's weakening?
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
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
Bearish scenario: Sell below 2200 / 2194 ... Nearest bullish scenario: Buy above 2197... Bullish scenario after retracement: Consider buys around each indicated demand zone
During the Asian session on Wednesday, the USD/CAD pair rebounded after two days of losses, reaching around 1.3590. This uptick is fueled by a stronger US dollar and lower crude oil prices, which put pressure on the Canadian dollar. The decline in Western Texas Intermediate (WTI) oil prices to approximately $80.70 is attributed to...