Market CommentaryAfter trading consistently at the short term support of 79.70 ranges for couple of days, the Dollar Index found support at 79.70 to appreciate to 80.25 ranges. Historic inverse correlation between our benchmark equity index of...
The EUR/USD pair attempted to rally during the session on Wednesday, but found significant downward pressure above the 1.31 resistance area. We believe that this area goes all the way up to the 1.3150 level, so it...
Market CommentaryThe Dollar Index is trading stable near the short-term support of 80.00 ranges. Only daily close below 79.00 ranges results in medium term Dollar weakness would continue though the long term Dollar bearishness is intact.
The EUR/USD pair rose again during the session on Tuesday, as we start to approach the 1.3150 resistance level. We think this area will indeed be very resistive, and it will only take some type of negative...
Market CommentaryThe US Dollar depreciated across the board; the Common currency, the Cable continued to appreciated against the USD; the Aussie depreciated but the short term range bound trend remained intact with 1.0480 ranges still acting as...
The EUR/USD pair rose during the session on Monday as the “risk on” trade was in full effect for most of the trading day. This pair looks ready to aim for the 1.3150 level again, and as...
Market CommentaryThe Dollar Index is trading tight near the short term support of 80.00 ranges; it is currently trading at 79.90 ranges; daily close below 79.80 would result in further depreciation of the US Dollar.
Market CommentaryThe US Dollar traded mixed bag wherein it has lost against the Euro, the Swiss France but gained against the Aussie and the Japanese Yen.
EURUSD’s upward movement from 1.2661 extends to as high as 1.3027. Further rise to test 1.3171 resistance would likely be seen, a break above this level will confirm that the uptrend from 1.2042 has resumed, then the...
The EUR/USD pair rose during the Friday session, but gave back quite a bit of the gains in order to form the second shooting star in a row. These to shooting stars were preceded by a hammer...
