XM Research

Technical Analysis – EURJPY battles with 50-day SMA as decline halts

EURJPY has been experiencing a sharp drop after its latest advance came to a halt at the eight-year high of 145.

Daily Market Comment – Dollar at fresh highs ahead of Fed as Russia jitters sink euro

Russia-Ukraine tensions flare up, knocking the euro and boosting safe havens Stocks subdued but losses contained as investors await Fed decision Yields fall back slightly and gold climbs on Russia worries Tense mood amid Fed and geopolitical risks    The US dollar extended its gains on Wednesday, while stocks stayed largely in the red as investors weighed the risks from the Fed’s upcoming policy decision as well as the possible impact from Russia’s latest warmongering, which is adding to the uncertainty.

Technical Analysis – EURJPY aims for higher highs; June’s resistance in focus

EURJPY stepped on the short-term ascending trendline, as it halted last week’s pullback from the new eight-year high of 145.

Technical Analysis – EURJPY eases after the rally towards 7½-year high

EURJPY skyrocketed to a fresh seven-and-a-half-year high of 145.65 on Monday’s sessions with the technical oscillator suggesting an overbought market.

Technical Analysis – EURJPY edges higher as positive momentum intensifies

EURJPY has been gaining ground in the short term after it managed to find its feet at the 133.40 region in early August.

Daily Market Comment – Eurozone inflation closer to double digits, dollar reclaims its crown

Record Eurozone inflation corroborates a 75bps hike Fed’s Mester gives the dollar its crown back Equities slide on the back of stronger dollar, yields rise Euro holds steady as inflation hits new record The US dollar reclaimed its throne on Wednesday, outperforming all the other major currencies.

Technical Analysis – EURJPY looks to exit bearish channel

EURJPY had an impressive start to the week, but despite its bold bullish correction up to a one-month high of 138.

Technical Analysis – EURJPY still consolidating below the downtrend line

EURJPY is diving back below the near-term falling trend line and the 38.2% Fibonacci retracement level of the down leg from 124.

Technical Analysis – EURJPY steps on familiar support zone; 20-SMA in target

EURJPY stood firm again around the 135.00 support region on Tuesday, which triggered the preceding bullish wave, increasing hopes that the latest bearish correction has found a bottom.

Technical Analysis – EURJPY bullish correction still at risk

EURJPY has been in the green every single day since the plunge to an almost three-month low of 133.39 and the creation of a bullish hammer candlestick last week, rising gradually up to 137.

Technical Analysis – EURJPY retreats sharply, eyeing 200-day SMA

EURJPY has been experiencing a decline in the last few daily sessions after its latest advance paused at the 142.

Technical Analysis – EURJPY retreats below 50-SMA but retains bullish outlook

EURJPY has been experiencing a decline in the last few daily sessions after its latest advance paused at the 142.

Technical Analysis – EURJPY pauses bullish course; focus still on the upside

EURJPY paused its short-term bullish sequence near a two-week high of 140.78 and below the 20-day simple moving average (SMA) on Monday as the broken support trendline from March came to block the way higher.

Technical Analysis – EURJPY seems to be looking for downside correction after 7-year highs

EURJPY is tumbling below the medium-term ascending trend line, changing the bullish outlook to neutral. The RSI is sloping downwards in the negative region, while the MACD is losing momentum below its trigger and zero lines.

Technical Analysis – EURJPY short-term outlook gloomy, but trendline still intact

EURJPY extended Tuesday’s 1.3% loss to a new three-week low of 138.25 during the early European trading hours on Wednesday as the bearish technical signals remained well intact.

Technical Analysis – EURJPY posts double top near 7-year high

EURJPY has posted a double top around the more-than-seven-year high of 144.25 over the last couple of weeks.

Technical Analysis – EURJPY pushes above 142.00; bias cautiously bullish

EURJPY is still eagerly pushing for a close above the 142.00 psychological mark, which came to oppose Friday’s quick bounce on the 20-day simple moving average (SMA) and the 139.

Technical Analysis – EURJPY bounces off 23.6% Fibo and jumps above 140.00

EURJPY is rebounding off the 23.6% Fibonacci retracement level of the up leg from 124.40 to 144.25 at 139.

Daily Market Comment – Dollar edges up as yields spike, yen sinks, stocks come under pressure

Bond selloff gathers steam ahead of large Treasury auction, pushing yields higher Surprise big rate hike by RBA adds to jitters about rising borrowing costs, stocks slip Dollar climbs as yen tumbles, pound plunges too as Johnson’s woes not over Fresh bond rout rattles markets Bond yields surged on Tuesday as investors fretted about how far central banks will go to contain inflationary pressures that are rampaging around the world.

Technical Analysis – EURJPY’s non-stop rally hits 7½-year high; bullish but overbought

EURJPY has the potential to repeat last week’s exciting bull run, executing another acceleration to a new 7½-year high of 142.


Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.