• DXY testing support, potential rise!

    DXY broke out of our descending resistance. A strong rally might occur above 90.08, pushing price up to our major resistance at 90.46 (horizontal swing high resistance, 76.4% Fibonacci retracement 100% Fibonacci extension). RSI (89) is also facing bearish pressure from our major descending resistance line and a breakout of this level might be a […]

  • DXY reacted off resistance, potential for further drop!

    DXY is reacting off our major resistance at 90.16 (61.8%, 78.6% Fibonacci retracement, Horizontal swing high resistance) which coincides with our short term descending resistance line. A strong reaction might occur at this level, pushing price down to our major support at 89.26 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, Horizontal swing low support). RSI (89) […]

  • DXY approaching resistance, potential for a drop!

    DXY approaching resistance at 90.34 (61.8% Fibonacci extension, horizontal swing high resistance) where it could potentially fall to its 1st support at 89.52 (61.8% Fibonacci extension, 100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). We have identified another resistance area at 91.01 (61.8% Fibonacci extension, L T 61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal […]

  • Dollar is dominating the market

    Market performance suggests trading volumes are limited ahead of the Christmas holidays. The Dollar trades with a little change against other major currencies.

  • All eyes on ECB

    Euro, equities rise as all eyes on ECB, Oil gains.

  • The Chinese shares drop as the commodities plunge

    Investors were rattled on Friday as the information surged that FBI resumes the probe of Hillary Clinton ten days prior to the US election after the leak of her emails were released.

  • Yuan fell to a 6-year low against the Dollars rise on Euro

    Yuan fell to its lowest level in six years against the US dollar after the People’s Bank sharply lowered the reference rate by 0.37% to a 6.7558 level

  • Is the USD in for high pressure?

    According to Yellen’s speech on Friday in Boston the FED may be forced to create some “high pressure” in the economy to get over the blows, which curbed production.

  • Optimism on the market

    Dollar made a U-turn after dipping to 97.50 level as the investors remain optimistic about the FED, gaining 0.38% during the London trading.

  • The Oil prices are recovering along with the global equity market!

    The OPEC members are close to reaching an agreement on the output freeze after a tough week on the market.