Tag Archives: Crosses

EUR/JPY Price Analysis: A bearish-engulfing candle pattern remeains in play, sellers eyeing 136.00

The EUR/JPY rebounded from 136.29 weekly lows and reclaimed the 137.00 area towards Thursday’s close. The cross-currency pair is neutral-to-downward biased, and a break below 136.31 will send the pair sliding towards 135.80. The EUR/JPY jumps off weekly lows and trims some of Wednesday’s losses amidst a mixed market mood as reflected by the US… Read More »

AUD/JPY Price Analysis: Refreshes two-week highs above 94.50 on mood improvement

The AUD/JPY is trading near two-week highs around 94.66. Risk appetite is mixed, as shown by Wall Street, finishing mixed. In the short-term, the AUD/JPY could test 95.00; otherwise, a fall towards the 100-EMA is on the cards. The AUD/JPY snaps two days of losses and advances after Wall Street closed mixed as investors’ upbeat… Read More »

AUD/JPY retreats to 94.00 on softer Australia Consumer Inflation Expectations, concerns over China

AUD/JPY reverses the previous day’s gains amid cautious optimism, downbeat Aussie data. Australia Consumer Inflation Expectations eased to 5.9% from 6.3% in August. US tariff chatters, covid fears in China test buyers despite US inflation-led market optimism. Yields, risk catalysts are important for clear directions amid a light calendar. AUD/JPY holds lower grounds near the… Read More »

EUR/JPY Price Analysis: Sellers attack 50-SMA below 137.00

EUR/JPY remains pressured towards short-term key SMA after declining the most in more than a week. Downside break of the one-week-old support line keeps sellers hopeful. 200-SMA, descending trend line from late June adds to the upside filters. EUR/JPY holds lower ground near 136.80, after renewing the multi-day low on the break of the weekly… Read More »

AUD/JPY Price Analysis: Hovers around 93.80-94.40 area, trendless despite the upbeat mood

AUD/JPY has been seesawing within a 60-pip trading range for the last couple of days. The AUD/JPY daily chart is neutral, while the hourly time-frame further cements the case for consolidation. The AUD/JPY finished Wednesday’s session almost flat, forming a quasi dragonfly-doji, meaning that neither buyers/sellers dominated the trading session amidst a risk-on impulse. Factors… Read More »

EUR/JPY Price Analysis: Dives sharply below 137.00 as risk appetite improves

EUR/JPY daily chart forms a bearish-engulfing candle pattern with bearish implications. In the short-term, the EUR/JPY might print a leg-up before extending the downtrend. The EUR/JPY plunged on Wednesday due to a risk-on impulse spurred by US inflation data, which ticked lower, dissipating the Federal Reserve’s need for an aggressive tightening. The reaction was that… Read More »

EUR/JPY Price Analysis: Climbs towards 138.00 despite a risk-off impulse

The EUR/JPY daily chart illustrates the pair as neutral-to-downwards biased. In the short term, the EUR/JPY might test the 20-day EMA at 138.20 before tumbling to 137.00. On Tuesday, the EUR/JPY finished the session with minimal gains of 0.28%. However, as the Wednesday Asian session begins, the JPY appreciates while Asian stocks are set for… Read More »