USD/CHF changes hands below its opening price, despite recovering from daily lows. USD/CHF is range bound as a break of the range top will pave the way above the 0.9700 figure; otherwise, a drop to 0.9550 is anticipated. The USD/CHF falls into negative territory after refreshing five-week highs around 0.9650, courtesy of broad US dollar […]
Tag: Technical analysis
AUD/USD Price Analysis: Positive intraday move moderates near 50% Fibonacci level
AUD/USD finds fresh offers at high levels and trims some of its intraday gains. A nice dollar rebound from the weekly low puts downward pressure on the pair. Any further decline is likely to find good support near the 0.6935-0.6925 confluence. The pair AUD/USD It attracts some selling near the key psychological level of 0.7000 […]
USD/JPY targets Jul 14 high near 139.40 as BoJ officials remain dovish – BBH
USD/JPY is trading around 136.50 after failing to break above 138 earlier this week. Even so, BBH economists expect the pair to end up testing the July 14th high near 139.40. The Bank of Japan will maintain the powerful monetary easing “With risk sentiment improving from China’s stimulus plans and the Bank of Japan’s ultra-loose […]
EUR/USD Price Analysis: Sell on the Highs?
EUR/USD loses bullish momentum after rising to 1.0030. It looks like the 0.9900 area can be retested. The EUR/USD Quickly loses previous upside momentum to area north of parity level, or new 3-day highs. The lack of conviction from the previous bullish attempt leaves the door open for a resumption of the downtrend. On the […]
US Dollar Index Price Analysis: Weakness is seen as a buying opportunity
DXY appears to have found some pretty decent support around 108.00. A visit to the 2002 highs should not be ruled out in the short term. The US Dollar Index (DXY) loses momentum and revisits weekly lows around 108.00 on Thursday. Despite the corrective move, it looks like the index may still go higher. That […]
EUR/USD will remain in a range of 0.95-1.00 in the third quarter amid the gas crisis – Société Générale
The analysts of General Company offer a bearish outlook for the EUR/USD in the short term amid the deepening European gas crisis. Featured Statements “When oil prices rose in the run-up to the Global Financial Crisis, both the European and US terms of trade suffered, but this time, the relative effect is completely different.” “From […]
GBP/JPY Price Analysis: Yen holding around 161.70, in a four-day range
GBP/JPY breaks two consecutive days of gains, down 0.01%. The GBP/JPY daily chart shows the pair in a range. GBP/JPY oscillates in the area of ​​161.00-162.30, unable to break out of the range. The pair GBP/JPY is oscillating within a tight range for the third day in a row, although on Wednesday it failed to […]
DXY Price Analysis: Bets on a 2022 high test remain intact
The DXY recovers the smile after the sharp drop on Tuesday. Above 109.00 the dollar could revisit all-time highs. The US Dollar Index (DXY) fades Tuesday’s decline and returns to positive territory with the next target at the 109.00 area. A continuation of the bullish momentum looks increasingly likely in the short term. That said, […]
EUR/JPY Price Analysis: More losses expected below 134.94
EUR/JPY extends bearish leg below 136.00. Initial support is at the weekly low of 134-94. EUR/JPY is losing ground for the third session in a row, this time breaking below support at the 136.00 level. More weakness appears on the scene, with immediate support at the weekly low of 134.94 (Aug 16). Loss of this […]
EUR/USD Price Analysis: Deeper pullback could see 0.9859 zone retested
EUR/USD marks new cycle lows in the 0.9900 area. Further losses could test the December 2002 low near 0.9860. The EUR/USD accelerates daily losses and briefly breaks below the 0.9900 level, or new cycle lows. For now, further weakness is anticipated. Conversely, the break of the 2022 low at 0.9899 (Aug 23) should leave the […]
