The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of 12300;...
EUR/USD fell hard during the Wednesday session, falling straight to the 1.4350 level. The pair has tested the 1.45 level, and found it too hard to crack.
The market has drawn a reversal candle yesterday which might signify the end of the bullish trend at least over the short term.
The US Dollar bounces back after depreciating for 4-5 trading sessions after the Dollar Index (DXU11) hit critical support of 73.40 ranges. Key equity index of the Dow Jones Industrials (DJIA) is trading near important support of...
The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...
The pair continues to push higher while breaking above its significant daily descending trendline. A confirmation of the breakout would expose 1,46 and then 1,47 (weekly bollinger band).
The Greenback traded flat amidst profit taking in the Dow Jones Industrials, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly...
The pair has confirmed a bullish bias by breaking above last week high and is now testing a strong descending trendline.
The USD traded flat against most of the majors, historic correlation between DJIA Vs DX suggests the major trend is still bearish in the Dollar Index though short covering can be expected; only weekly close above 76.70...
The EUR/USD has broken and closed above 1,4280 which validates a cup&handle pattern. But the pair is currently testing a strong descending trendline passing by 2 important lower tops in June and July.
