Dollar Index after hitting major resistance zone of 78.75-79.30 ranges sold off to currently trade at 78.00 ranges. Dollar Index may correct to 77.00 ranges and later towards 76.20. Only weekly close below 76.20 results in reinitiating...
Market review for 19 – 23. 09, 2011
Dollar Index is nearing resistance zone of 78.75-79.30 ranges; most of the asset classes especially the precious metals after the parabolic bull run sold off during whole week ; though double dip depression in the is still...
The pair continues to consolidate on top of the key 76,00 level despite the strong Dollar which confirms a relative strengh of the Yen.
USD/JPY rose on Friday as traders continue the back and forth dance with the Bank of Japan at the 76 handle. The pair can’t be sold, as the area is certainly being watched and possibly protected by...
USDJPY is facing 75.96 key support, a breakdown below this level will signal resumption of downtrend from 85.51, then deeper decline towards 0.7000 could be seen. Resistance is at 0.7700, only break above this level could indicate...
Dollar Index is just nearing resistance zone of 78.75-79.30 ranges though double dip depression in the US is still glooming resulting in most of the asset classes trading softer especially the equities, the dollar index may go...
Greetings. Let’s take a look at the USD/JPY daily chart. We can a pretty strong downward trend line as we start testing the low from March 2011.
USD/JPY fell during the early part of the Wednesday session, but rebounded in the later hours as the Fed had an announcement that quite frankly – wasn’t all that optimistic.
Investors are waiting for the results of the FOMC meeting.
