Why USD keeps its strenght through 2019

The trade tensions between U.S. and China and the global growth worries underpinned the greenback’s safe-haven appeal, while the euro and the British pound were hurt by some other obstacles. Investors are focusing on high level trade talks between the two major economies this week and at the same time the dollar is benefiting from […]

USD/JPY – Key levels, suitable to build mid-term long position

FX Forecast – USD/JPY – D1 Our expectations: Mid-term upward movement and short-term retracement. The price managed to break through the bearish trend formed since the beginning of 2017. Breakthrough was a face after activating a triangle formation upward. Over the past 32 hours, we have witnessed a strong Price Action in support of the […]

USD/JPY – Shorts still more likely

USD/JPY D1 Our expectations: The price has reached a strong resistance zone for the third time as vendors have again shown that they tend to sell out sharply from there. I expect the dollar to retreat against the JPY and the pair to remain in the bearish main trend that began in the beginning of […]

Dollar Index at key levels, probably short on USD

The Dollar Index has reached key levels of resistance that will prove decisive for the subsequent dollar development. DXY is trading with a decline of 0.1% today and 0.6% since early 2018. Looking at the big picture, it is clear that the main downward trend is broken, but Fibonacci’s 38.2% correction and horizontal resistance are […]

USD/CAD – Short term seems more logical

FX forecast /USD/CAD/ H4 Our expectations: NAFTA positivism takes precedence over the past few hours, and its best reflection is observed at USD / CAD. US Trade Advisor Peter Navarro has confirmed that the new NAFTA deal will be fair and not to the detriment of Canada. The news has led to a steady decline […]

AUD/USD: an opportunity to position ourselves long

AUD / USD Our expectations: Opportunity to take long positions from support levels and after 9th from DeM Sequential. SL at levels of 0.7595. The price is at levels of diagonal and horizontal supports. After trying to breakout below the SMA200, the price goes back above the moving average. DeM (14) is below 0.3 in […]

USD/TRY probable price increase

Forex forecast / USD/TRY / Our expectations The price is moving in upward short-term channel. Correction to levels of diagonal support, EMA 50 and FiBo 38.2, afterward the price pulls back above the zone. Price action signal: Pin bar at levels of EMA 50 and horizontal support. Technical indicator: CCI(50) – going above 0 – […]

USD/TRY: Probably decrease

Fx forecast / USD / TRY / Our expectations: Downward trend and correction to resistance levels Price below diagonal resistance and horizontal resistance 50 / 200MA: 50 under 200 – Bear Trend Fibonacci: Correction to 23.6% Price action: resistance bar pin – negative signal DeM turns from an overpriced market area – a likely downgrade […]

Dollar slips on political tensions; Barcelona attack in focus

The dollar slipped lower against other major currencies on Friday, as ongoing U.S. political tensions and doubts over an additional rate hike by the Federal Reserve this year continued to weigh, while a terror attack in Barcelona also dominated investors’ attention. Sentiment on the greenback was vulnerable after eight chief executives quit two business advisory […]