Kshitij Consultancy Services
Graph Gallery WHERE ARE THE GLOBAL MARKETS GOING?
TECHNICAL CHARTS
FUNDAMENTAL CHARTS
Morning Briefing Dollar Yen (109.64): Against our expectation, Dollar Yen broke support on daily candles near 110.5 yesterday as Trump’s proposal to impose tariffs on imported cars seemed to bring back uncertainty and volatility into the markets. The Yen, often considered as a safe haven, has in turn strengthened. We are not sure if this signals the beginning of the medium term bearish turn (which we have been mentioning in our past briefings). There might still be a bounce back from levels near 109 (horizontal support on daily candles). In that case, the long term resistance on weekly candles near 112 might still be tested in the weeks to come.