The US Dollar Index on the event of profit taking in the key equity index of the Dow Jones Industrials (DJIA). The US Dollar has traded mixed wherein it has appreciated against the Euro and the Aussie...
The pair is still evolving in a daily range between 1,0450 and 1,0790. We have seen the pair rallying to the top of its range last week and we now wait for either a breakout or reversal.
It has been a few days we were poiting out the possibility of a long term reversal pattern (cup&handle) on the pair for a possible long term shift in the trend. The latest price actions and the...
The pair didn’t manage to confirm its bounce after a new fail on the 0,85 level near the key resistance at 0,8550. Next target is now the bottom of the daily range at 0,83 (lower bollinger band).
The pair is now back under pressure and we see additional weakness going forward. Technically, the roll-over from 81,50 combined with overbought studies are pointing to a new test of 80,00 critical level.
AS we mentioned in our previous analysis, the Cable is the process of building a double bottom formation after a significant bounce on friday. Next key resistance is represented by previous high at 1,6150.
The pair is evolving in a middle term triangle with limits between 1,45 and 1,42 i.e. 300 pips range. The bottom of the triangle is now being tested and there is a good probability of a breakout...
Market Review – 09/07/2011 01:24 GMT Dollar tanks against the Japanese yen on disappointing U.S. jobs data The dollar tumbled versus the Japanese yen and the Swiss franc after the release of much worse-than-expected key U.S. jobs...
07/08/2011 12:51 UTC USD swings lower as it weakens against the EUR, GBP, JPY, CHF and NZD. Recent mid-term strength indicator reading for USD is 3 out of 8, thus suggesting that the current swing may be...
07/08/2011 12:32 UTC AUD swings lower as it weakens against the USD, JPY, NZD, CHF and GBP. Recent mid-term strength indicator reading for AUD is 6 out of 8, thus suggesting that the current swing may be...
