Intraday Forex Wednesday, August 28 (USDJPY, EURUSD, & etc.) The dollar tumbled after U.S. consumer confidence data showed to the lowest in six years.

Zulbahri_GB

Recruit
Messages
1
Hi everyone. This observation is made around 3:30 UTC. The Resistance and Support Line were constructed according to Fibonacci retrenchment. Any discussion is welcomed.

Stocks in Asia Pacific were mixed in Wednesday morning trade, following a mixed Wall Street lead as markets cheered signs of progress in U.S.-Sino trade negotiations, though remained cautious about the broader economic outlook.
Trading volume was typically low for late August and investors await a speech by Federal Reserve Chairman Jerome Powell on Thursday when he is expected to address the U.S. central bank's view on inflation and monetary policy.

I also does analysis for some other currencies. Read more on the website on TECHNICAL ANALYSIS and DAILY MARKET NEWS.

[USDJPY]
  • The dollar managed to hold onto slim gains against the yen, last trading at 106.448 due to a slight rise in long-term U.S. Treasury yields.
  • Both Stochastic and RSI oscillator is within the normal ranges of 50.
  • The MACD is trading below its signal line and positive.
Important Levels to Watch for Today:
  • Resistance line of 106.726 and 107.008.
  • Support line of 105.814 and 105.532.
USDJPY.png


[EURUSD]
  • Against the euro, the dollar stood at $1.1818 in Asia on Wednesday following a 0.4% decline in the yesterday session.
  • Stochastic indicator entering the undervalued range, with RSI oscillators also edged toward the range.
  • The MACD is trading below its signal line and negative. The configuration is negative.
Important Levels to Watch for:
  • Resistance line of 1.18579 and 1.18816.
  • Support line of 1.17814 and 1.17578.
EURUSD.png


For analysis of USDCHF, GBPUSD and other insight into the market, read more on the WEBSITE or click on TECHNICAL ANALYSIS and DAILY MARKET NEWS.
 
Top