The Mexican peso rises against the dollar for the third day in a row. USD / MXN at a low in almost two weeks, tests 20.30. USD / MXN closed below 20.50 on Wednesday and is prolonging the bearish run on Thursday. After breaking 20.40 it fell to 20.30, where it is trading, thus reaching […]
Tag: Foreign exchange
USD / TRY extends slide to 3-day lows near 8.1200
USD / TRY adds to Wednesday’s losses near the 8.1200 level. The CBRT official said there will be no premature rate cut. Speculation about an interest rate cut dominates the mood around TRY. The Turkish lira keeps renewed buying interest unchanged and drags the USD/TRY to the area of ​​multi-day lows near 8.1200 on Thursday. […]
Recovers a significant portion of intraday losses to multi-month lows
The oversold RSI on the 1 hour chart triggered an intraday short hedging move around AUD / USD. Breaking a shoulder head shoulder formation supports additional short-term losses. The 100-day SMA, around the 0.7620 region, should limit any significant recovery attempts. The pair AUD/USD saw strong selling during the early part of trading action on […]
Remains confined to a range, forming a symmetrical triangle
GBP / USD managed to attract some buying for a straight day on Thursday. The recent price action constitutes the formation of a symmetrical triangle on the hourly charts. Neutral technical indicators warrant caution before placing aggressive directional bets. The pair GBP/USD it continued with its bidirectional price moving around the 100 hourly SMA pivot […]
NZD / USD below 0.6943 points to 200 median at 0.6883 – Credit Suisse
The NZD / USD maintains a shoulder head shoulder formation, say Credit Suisse analysts, who remain bearish. They estimate that below 0.6943, it could go towards the 200-day average. Key statements: “While we do not exclude the possibility of more short-term sideways rallies, with a large ‘head and shoulders’ top in place, as well as […]
AUD / USD recovers from three-month lows toward 0.7580
Slight rebound in Wall Street futures favors a rebound in AUD / USD. 21-hour average offers immediate resistance, bearish bias remains. AUD / USD fell as low as 0.7530 in the Asian session, reaching the lowest level in three months. From that level it bounced up to the 0.7575 area, as the US dollar weakened. […]
With room for a move towards the 2021 highs
EUR / JPY extends the rises and revisits 130.00. The next potential target on the upside is the 2021 high at 130.66. EUR / JPY is trading at weekly highs and finally picks up key resistance around the 130.00 zone. The recovery still looks healthy and a daily close above 130.00 should pave the way […]
A barrier appears around 93.50
The DXY rise appears to have lost momentum near 93.50. Higher up is the November 2020 high near 94.30. The dollar rally appears to have hit a fairly stiff barrier around 93.50 for the time being. The US Dollar Index (DXY) needs to clear this area (preferably in the short term) to allow the uptrend […]
A break below 1.1700 is not ruled out
EUR / USD extends the slight recovery to the 1.1750 region. The pair could still retest the area of ​​the 2021 lows near 1.1700. EUR / USD managed to regain some ground and bounced off recent yearly lows in the neighborhood of 1.1700. It is considered that the selling pressure on the pair would ease […]
USD / JPY consolidates recent gains to one-year highs and remains stable above the 110.50 level
USD / JPY remains trapped within a tight range at the start of the European session. The pullback in US bond yields keeps USD bulls on the defensive and limits the pair’s gains. The optimistic US economic outlook supports the prospects for an extension of the pair’s recent bullish move. The pair USD/JPY has lacked […]
