Technical Analysis

Yields decrease. Shares decrease. The greenback falls however rebounds.

Foreign exchange market confused a bit

The US yields have moved down by about 1 to 1.5 bps. The US shares noticed the Dow transfer from -130 to down -204 at the moment. The S&P is down about -20 vs -14 pre-report.

Within the foreign exchange market, the greenback fell however it’s rebounding off the lows

For the USDJPY, the value fell from 111.06 to a low of 110.71. We’re at the moment at 110.93 with a excessive corrective level at 110.96.

The EURUSD rose to the underside of the damaged pattern line (yesterday break). That line stalled the rally and the value has moved decrease.   The value simply earlier than the discharge was at 1.1218. The low after reached 1.1224

Forex market confused a bit

The USDCAD moved to the 100 hour MA (Canada knowledge was stronger too) nevertheless it too has seen a bounce off that technical stage. 

ForexLive


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