DXY continues to rise and flirts with the 2022 high near 109.30. Further north comes the September 2002 high around 109.80. The US Dollar Index (DXY) maintains the recovery and trades within striking distance of 2022 highs near 109.30 on Tuesday. A continuation of the bullish momentum looks increasingly likely in the very short term. […]
Tag: Technical analysis
GBP/USD recovers from two-year lows after PMI data, still below 1.1800
GBP/USD no clear direction after mixed UK PMI data. The US dollar loses strength due to stabilization in Treasury bonds and stock markets. Outlook for GBP/USD remains negative and closing below 1.1760 would be critical. GBP/USD is struggling once again to extend the recovery while holding below the 1.1800 level, following the release of a […]
EUR/JPY Price Analysis: Consolidation for more time?
EUR/JPY adds to Monday’s pullback, at the 136.00 barrier zone. Upside attempts remain capped by the August high at 138.40. EUR/JPY continues the bearish start of the week, although it manages to bounce from the lows around 135.70. If the cross manages to break above the ongoing consolidation, the August high at 138.39 (Aug 10) […]
USD/JPY Price Analysis: Steadily moving towards 137.50 after hitting a five-week high
USD/JPY buyers recaptured the 137.00 figure and set to storm 138.87, ahead of a five-week high. The 4-hour chart suggests that USD/JPY could drop towards 135.58, before continuing its uptrend. The USD/JPY advanced strongly during the day, above its opening price, after reaching a daily high at 13.7.65, but late in the day, with an […]
Gold Forecast: XAU/USD remains near multi-week lows, looks vulnerable near $1,730
Gold continues to lose ground for the sixth day in a row and falls to a four-week low. The aggressive expectations of the Fed, the increase in the yields of US bonds and the sustained purchase of dollars exert strong pressure. Recession fears and risk aversion momentum could limit the fall of safe haven XAU/USD. […]
EUR/USD Price Analysis: Further Weakness Expected
EUR/USD extends the fall below the parity zone. A deeper pullback could see the 2022 lows at 0.9950 retested. The EUR/USD It breaks below the parity zone and marks new 6-week lows at the start of the week. At the moment, it seems that there will be more losses. Conversely, the pair could face the […]
US Dollar Index Price Analysis: The focus is now on 109.00 and above
The US dollar index (DXY) advances above 108.00 towards new highs. Beyond 109.00 comes the 2022 high near 109.30. The US Dollar Index (DXY) makes new highs above 108.00 at the start of the week. A continuation of the bullish momentum looks increasingly likely, at least in the short term. With that being said, there […]
EUR/JPY Price Analysis: Peak Holds at 138.40
EUR/JPY appears to have entered a consolidation phase. Immediately on the upside is the August high at 138.40. EUR/JPY retraces Friday’s advance and resumes decline around the 137.00 area on Monday. If the cross manages to break above the current range boundary, the so far August high at 138.39 (Aug 10) is expected to be […]
EUR/GBP Price Analysis: Testing the 50 DMA at 0.8500 after a three-day rally
EUR/GBP will end the week with gains of 0.49%. Euro buyers neared weekly lows below 0.8400, below the 20, 50 and 200 DMAs. A daily close above 0.8500 could open the door for a retest of 0.8600. The EUR/GBP extended its rise to three consecutive days, breaking above the 100 day EMA, although it took […]
USD/CHF Price Analysis: Rises to fresh 8-day high near 0.9600
USD/CHF is posting a weekly gain of 1.86%, the biggest since June 2022. A break above 0.9600 could pave the way for 0.9700. The USD/CHF It is advancing for the sixth consecutive day, thanks to the strength of the US dollar in general, after breaking above the 20-day EMA at 0.9532 on Thursday. During the […]
