The Dollar Index is trading at the short term resistance of 81.00-81.20 ranges a head of the FOMC meeting tomorrow. The Dollar Index may again expected to find resistance at 81.00-81.20 ranges from where is sold off...
GBPUSD’s downward movement from 1.6309 extends to as low as 1.5887. Further decline could be expected next week, and next target would be at 1.5700 area. Resistance is now at the downward trend line on daily chart,...
GBP/USD try to breakout and above the 1.60 level on Friday, but was repelled and went much lower by the end of the session. In fact, we closed the very lows just below the 1.59 handle.
Despite weakness in the benchmark equity index of Dow Industrials (.DJIA), resilience was seen in the appreciation of the Greenback against most of the FX majors. The Dollar Index may again expected to find resistance at 81.00...
The GBP/USD pair broke through the bottom of the shooting star from the previous day on Thursday. This set up a nice selling opportunity, but unfortunately the market turned back around and formed a hammer which is...
Weakness in most of the asset classes, especially in equities led to strengthening of the US Dollar after showing weakness for most of the European session. The Greenback continued to gain against the Common currency, the Swiss...
GBP/USD initially poked through the 1.60 level as the US dollar sold off. However, by the end of the session we fell back down in order to form a shooting star that sits just on the 100...
The GBP/USD pair did very little during the Tuesday session as we remain just below the 1.60 level. This area is a scene of significant consolidation, and we are towards the bottom of that region.
The Dollar traded flat against the Euro, the Cable and the Swiss France whereas it continued to slide against the Aussie Dollar. The Dollar Index is again expected to find resistance at 81.00 ranges from where is...
The Dollar traded mixed against the FX majors wherein it has appreciated against the Euro, the Cable and the Swiss France where as the USD has weakened by about 50 pips against the Aussie Dollar.
