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The downtrend may be expected to continue, while market is trading below resistance level 1,2321, which will be followed by reaching support level 1,1904.
The downtrend may be expected to continue, while market is trading below resistance level 1,0828, which will be followed by reaching support level 1,0516.
The dollar index (DXY00 ) on Friday rose by +0.56%. The dollar Friday rose moderately on stronger-than-expected U.S. economic reports. Also, signs of strong foreign demand for dollars are bullish for the greenback after the Federal Reserve facility that gives foreign central banks access to dollar funding was tapped for...
What you need to know… The S&P 500 Index ($SPX ) (SPY ) is up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. After a opening up in the red, U.S. stock indexes...
The dollar index (DXY00 ) on Thursday rose by +0.16%. The dollar Thursday recovered from a 6-week low and posted moderate gains. A reversal in stocks Thursday sparked short covering in the dollar after the S&P 500 erased an early rally and turned lower on a slump in bank stocks....
Is crude oil trying to find support after that drop out of a triangle? Recovery will send USDNOK lower, especially with lower US yields.
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of (GBPJPY) forex pair published in members area of the website. As our members know, GBPJPY Is trading within the cycle from the February 28th peak.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...
The (GBPUSD) powered almost 100 pips in the hour following the highly anticipated FOMC and Fed rate hike. The GBPUSD is now extending the Bull Flag (on the daily chart), and testing a massive triangle resistance (on the weekly chart).
The dollar index (DXY00 ) on Wednesday fell by -0.90% and posted a 6-week low. Strength in the British pound undercut the dollar after an unexpected increase in the UK Feb CPI pushed GBP/USD to a 6-week high. Also, hawkish comments Wednesday from ECB President Lagarde pushed EUR/USD up to...
