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Day: June 7, 2015
June 72015
Ascending Channel on EUR/JPY D1 Chart — Reversal Pending?
The rising channel pattern that is now so evident on the EUR/JPY D1 chart has began forming two months ago. Basically, the channel is a correction wave of the major bearish trend that lasted since early December 2014 till April 2015. The borders of the channel are based on multiple daily highs and lows and appear valid. You can see the borders of the ascending channel depicted with the yellow lines on the chart […]
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June 72015
Euro Ends Week Being Strongest Among Major Rivals
The euro has been the strongest major currency during the past trading week. The currency weakened a bit by the weekend but kept gains against its most traded rivals nonetheless. There were several reasons for the euro’s rally. One of them was the data that had shown inflation in Germany as well as in the whole eurozone. Another was the surging German bond yields. The shared 19-nation currency trimmed its gains by the end of the week […]
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