• USDX testing support, potential rise!

    Price is testing our first support at 89.40 (horizontal swing low support, 76.4% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 89.94 (horizontal swing high resistance, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major […]

  • USDX approaching support, potential bounce!

    Price is approaching our first support at 89.57 (horizontal overlap support, 61.8%, 76.4% Fibonacci retracement). A strong bounce might occur at this level, pushing price up to our major resistance at 90.32 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout of our intermediate resistance at 90.06 (horizontal pullback resistance, 50% Fibonacci retracement, […]

  • USDX testing support, potential rise!

    Price is testing our first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and a strong bounce might occur at this level, pushing price up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support and we […]

  • The European markets seem pressured by the rise of USD

    Uncertainty is increasing in the European markets as the pressure is building from the US Dollar steady rebound.

  • Gold erased previous gains as Oil demand left the red zone

    Brent left the red zone completely as the gasoline reserves shrank noticeably. Gold erased gains as the stimulus from New Zealand allows the investors to boost their positions in risk assets while cutting the wages with gold