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28 Aug 2015

EUR/NOK extending scope of projections

EUR/NOK has just crossed below the 200 SMA on an hourly chart.

For traders inclined to nibble on short trades, the cooling EUR/NOK price now eyes the 800 SMA, which corresponds to the reading of the 200 SMA on 4H charts. The last such price-indicator cross has occurred at least over a week ago on this time frame, accentuating its significance.

Aug 28, 2015

USD/JPY gains momentum and approaches daily highs

USD/JPY gained momentum despite a weak reading on US consumer confidence data and climbed above 121.00 and the hourly 20-SMA.

AUD/USD downside pressure persist below 0.72 handle

AUD/USD has scored territory on the 0.72 handle in Asia from a low of 0.7162.