The US Dollar Index (DXY) adds to Wednesday’s rally and heads back to 107.00. Above 107.00 the index could revisit the weekly high at 107.42. The US Dollar Index (DXY) extends the gains for the second consecutive session on Thursday, although at the moment it remains difficult to test the 107.00 area. The continuation of […]
Tag: Technical analysis
EUR/JPY Price Analysis: Gains remain capped at 138.40 so far
EUR/JPY looks offered after two consecutive daily advances. Next up is the August high at 138.40. The EUR/JPY corrects lower after hitting weekly resistance just below 138.00 on Aug 17. Should the recovery be more serious, the cross should meet the next barrier at the 100-Day SMA at 138.13 before the more relevant August high […]
USD/JPY Price Analysis: Break of 135.55 is key for further upside
USD/JPY is showing a three-day uptrend, settling around the weekly high. The sustained break of the monthly resistance line and the bullish signal from the MACD favor the buyers. The bears should wait for the confluence of the ascending triangle for conviction. The USD/JPY it has recovered about 65 pips from the Asian session low […]
USD/JPY Price Analysis: Steadfast above 135.00 on dovish FOMC Minutes
USD/JPY advanced 0.03% at the start of the Asian session after the FOMC Minutes. The pair could extend its uptrend once buyers reclaim 135.50. The USD/JPY moves higher at the close of Wall Street, although it pulled back from the weekly highs reached just above the 50 day EMA, around 135.49, but the FOMC Minutes […]
EUR/JPY Price Analysis: Rises above the 20-DMA as buyers eye the 50-DMA
EUR/JPY rallies as buyers look for a break above the 100-day EMA at 138.10. The risk-off drive was no excuse for euro buyers to drive the shared currency higher. If EUR/JPY buyers fail to break above the 138.39 level, the pair would be exposed to selling pressure. The EUR/JPY rallies towards solid resistance around the […]
EUR/USD Price Analysis: Still under bearish pressure below 1.0370/80
EUR/USD is under pressure again near 1.0150. The 1.0370/80 area caps the upside for now. The EUR/USD go back to the bottom of the weekly range near 1.0150 and moderates at the same time as Tuesday’s timid advance. As long as it is below the 1.0370/80 area, the region where the August high and the […]
US Dollar Index Price Analysis: Short-term target emerges at 107.00
US Dollar Index (DXY) maintains weekly bounce near 106.80. A further rally seems likely once it breaks above 107.00. The US Dollar Index (DXY) down quickly on Tuesday’s inconclusive price action and resumes rally towards upper end of recent range near 106.80. The continuation of the bullish momentum could extend to the August high near […]
Silver Price Analysis: XAG/USD vulnerable below 50 DMA, clings to 38.2% Fibonacci level
On Wednesday, silver saw some selling for the third day in a row. Acceptance below the 50 DMA supports the prospect of further losses. Any recovery attempt could now be seen as a selling opportunity. the silver struggles to take advantage of the late bounce from the previous day and finds fresh offers near the […]
EUR/JPY Price Analysis: More upside remains on the cards in the near term
EUR/JPY extends gains above 137.00. Immediately on the upside is the August high at 138.40. EUR/JPY extends Tuesday’s gains and recovers the 137.00 zone and beyond on Wednesday. Should the recovery turn more serious, then the cross should meet the next barrier at the 100-day simple moving average at 138.10, before the more relevant August […]
AUD/NZD Price Analysis: Breakout of key 1.1000 support after RBNZ rate hike
AUD/NZD updates monthly low after RBNZ’s 50 basis point rate hike. The clear break of the 100 DMA and the rising trend line from the end of May favors the sellers. The bulls need validation of a fifteen day resistance line to regain control. The AUD/NZD is on slippery ground after the Reserve Bank of […]
