OctaFX | OctaFX Forex Broker
Open trading account

Forex: USD/JPY declines to 97.35

FXstreet.com (San Francisco) - The USD/JPY was unable to holds above the 98.00, and after being rejected from the 98.15, the pair declined around 80 pips to test the 97.35 level. Currently the USD/JPY is trading at 97.50.

The USD/JPY is still 0.80% positive on the day but the overall trend is slightly bearish according to the FXstreet.com trend index. Indicators such as CCI and Momentum are bearish while the MACD is bullish in the 1-hour timeframe.

Below the 97.35, next supports are at 97.20 and 96.80. Resistances are at 97.70, 98.40 and 98.80.

Forex: USD/CAD nears daily lows

The USD/CAD has had a volatile day as investors were not all that convinced to embrace commodity currencies after the sharp sell-off seen yesterday. However, as markets stabilized, the Loonie managed to accomplish gains versus its US counterpart during the New York session, following upbeat US and domestic data.
Read more Previous

Forex Flash: EUR/USD runs against data mix – UBS

EUR/USD was creeping higher on Tuesday, despite a data mix, that should have strengthened the USD, according to the UBS analyst team. "The German ZEW survey gave another confirmation that investors feel uneasy about the economic development. In the US, on the other hand, housing starts were quite upbeat and dismissed worries that the US housing recovery comes to an end".
Read more Next
Start livechat