The US dollar DXY index stops the decline, it is not out of the woods yet. The bears need a sustained break below the September lows of 91.75. The decrease in electoral uncertainty in the US increases the appetite for risk and weighs on the dollar. The bears are taking a breather early in the […]
Tag: Technical analysis
Odds for a test rise to 2020 lows near 91.70
DXY downside momentum gains strength and is approaching 92.00. The 2020 low near 91.70 emerges as the next key support. The US Dollar Index (DXY) intensified the slide and is already trading at two-month lows in the 92.30 region, as appetite for riskier assets remains good and solid in global markets. That being said, the […]
Drops to fresh multi-month lows with bears targeting the 103.00 level
USD / JPY extends the previous day’s losses below the support of a descending triangle. Slight oversold conditions warrant some caution for bears ahead of the NFP report. Any recovery attempt could be seen as a selling opportunity and remain limited. The USD / JPY has not been able to capitalize on its initial attempt […]
EUR / JPY Price Analysis: More Consolidation Ahead
EUR / JPY faded from weekly highs above 123.00. More consolidation ahead looks likely in the near term. EUR / JPY extended consolidation mood following the recent rejection from weekly / monthly peaks above 123.00. Meanwhile, recent lows in the 121.60 zone appear to contain possible downside movements, while the 123.00 neighborhood limits the gains […]
Plummets to new multi-month lows around 103.60
USD / JPY witnessed some aggressive selling on Thursday and fell to its lowest level since March. A sustained break below 104.00 now supports the prospects for an extension of the slide. The attempted recovery move now could be seen as an opportunity to initiate new bearish positions. The pair USD/JPY It continued to lose […]
More falls would target the 92.50 area
DXY loses support at 93.00 amid renewed strong selling pressure on the dollar. The October low at the 92.50 area emerges as the next prominent support. The DXY intensified the bearish tone and is testing the key month-to-month support line in the 92.90 / 80 region on Thursday. Rising market optimism about a Biden win […]
Next target appears at 1.1880
EUR / USD continues to push higher and breaks the 1.1800 zone. The continuation of the movement could lead to a new visit to 1.1880. EUR / USD is rising for the third day in a row on Thursday and recovered levels beyond the key barrier of 1.18. In case of extending the bullish moment, […]
More rises appear on stage
EUR / JPY extends the rise for another session on Thursday. The bets for the continuation of the uptrend continue to rise. EUR / JPY added to recent gains and hits new highs in the vicinity of 123.00 thanks to the general improvement in risk appetite. More raises remain within range, with intermediate obstacles at […]
Lateralized, staying above key 0.6600 / 10 area
Kiwifruit found support amid risk appetite, but remains within range. NZD / USD with a modest bullish bias, needs to consolidate above 0.6700. The NZD / USD It fell in the early hours of Wednesday approaching 0.6600 but then rebounded, affected by the results of the US elections. Wednesday’s engine is the US dollar, rather […]
Struggle to overcome the resistance of the descending triangle
AUD / USD regains ground lost early in the session, although it appears to be struggling to extend momentum. The formation of a descending triangle, mixed technical indicators warrant bullish caution. The pair AUD/USD it has managed to recoup its intraday losses and was last seen trading in neutral territory, just below 0.7150 during the […]
