The US Dollar Index (DXY) is trading with no clear direction around 106.40. Occasional bullish attempts are targeting the weekly high near 107.40. The US Dollar Index (DXY) attempts a consolidation move at the 106.50 area on Thursday amid a cautious tone ahead of the July Non-Farm Payrolls release on Friday. Meanwhile, the index’s occasional […]
Tag: Technical analysis
EUR/JPY Price Analysis: More gains appear to be on the way in the short term
EUR/JPY extends weekly recovery to the vicinity of 137.00. The next upside barrier is at the 100-day moving average near 137.80. EUR/JPY advances for the third session in a row and flirts with the 137.00 zone on Thursday. Considering the ongoing price action, the cross looks likely to continue higher for now, with intermediate hurdles […]
Silver Price Analysis: XAG/USD is back nearing the 50% retracement and 50-day moving average
Silver rises for the second day in a row. The technical setup favors the bulls and supports the prospects for a further appreciation move. A convincing break below the $19.20 area would turn the bias in favor of the bears. Silver gained momentum and rose for the second day in a row on Thursday, moving […]
USD/JPY Price Analysis: Around the 200 hourly MA as sellers and buyers clash
USD/JPY advances although it struggles for resistance at 134.00. US Treasury bond yields pull back from daily highs, capping USD/JPY’s upside move. USD/JPY has a short-term bullish bias, but a break above the 200 hourly EMA is needed to pave the way towards 136.50. The USD/JPY advances strongly during the North American session, underpinned by […]
USD/CHF Price Analysis: Buyers try to stay strong around the 100 DMA
USD/CHF buyers reclaim the 0.9600 area and lift the pair to a daily high of 0.9651. US dollar strength amid rising risk appetite, tailwind for USD/CHF. The break of the trend line on the hourly chart exacerbates the USD/CHF rally above 0.9600. The USD/CHF rises above the 100-day EMA and extends its gains to two […]
USD/MXN Price Analysis: Rally loses steam, remains bullish
USD/MXN corrects lower after Tuesday’s rally. Keep looking for 20.80/21.00, but the signals are mixed. The USD/MXN is falling sharply, after Tuesday having the best day in weeks. The pair peaked at 20.82 and then started moving lower. The 20.80 area has become a strong barrier and a consolidation above should open the doors to […]
USD/JPY Price Analysis: Bulls look to take control near weekly highs above 133.50
USD/JPY gains positive traction for the second day in a row and approaches weekly high. Widening US-Japan yield spread and boosting risk appetite undermine safe haven JPY. The bulls appear to be waiting for sustained strength beyond 134.00 before making further bets. The pair USD/JPY receives fresh offers near the 132.30-132.25 zone and is again […]
USD/MXN corrects below 20.70 after hitting two-week highs
Mexican peso recovers ground after Tuesday’s sharp drop. USD/MXN maintains an upward bias. Caution in markets, treasury bond yields on the rise. USD/MXN jumped to 20.82 on Tuesday, reaching the highest level since July 15. On Wednesday it is falling trimming part of the rally. The pair bottomed out Wednesday at 20.62, and is trading […]
GBP/USD Price Analysis: Rising channel support around 1.2135 is key for bulls
GBP/USD gains some positive traction on Wednesday, although it lacks follow-through. Risk appetite momentum is undermining the safe haven dollar and offering support. Rising US bond yields help limit dollar losses and keep additional gains in check. Investors also appear hesitant ahead of Thursday’s BoE and Friday’s NFP. The pair GBP/USD defends support marked by […]
EUR/USD Price Analysis: Next target on the upside lies at 1.0300
EUR/USD resumes gains and advances above 1.0200. The next target comes at the August high near 1.0300. The EUR/USD regains buying interest and recovers some of the ground lost after Tuesday’s selling to the 1.0160 area. The continuation of the recovery is expected to target the August high at 1.0293 (2 Aug). Above this last […]
