OctaFX | OctaFX Forex Broker
Open trading account
Back

Stay with the trend – TD Securities

FXStreet (Barcelona) - Analysts at TD Securities see no heavy barriers for the USD/JPY pair till the 124 area, and suggest to stay with the trend.

Key Quotes

“Longer-term trend studies are very supportive of the USD still and we see only limited scope for a USD dip from here—perhaps to the mid-point of the bull channel currently, at most.“

“The strength of the underlying trend suggests shallow and short-lived corrections only.“

“There is little in the way of a quickish move back to the 124 area (2007 highs) from here. Stay with the trend and look to buy into modest corrections.”

USD bulls are concentrated in EUR and JPY – Scotiabank

The Scotiabank Research Team, in their FX Sentiment report, note that the positive sentiment around USD is still strong as long USD positions climbed to $48bn (as on Nov 18).
Read more Previous

AUD/NZD in a tight range above 1.0985

AUD/NZD is trading buffeted in a tight range amid the absence of Asian events acting as catalyst for the pair, with 1.0985 providing near term support, while 1.0110/15 is immediate resistance.
Read more Next
Start livechat