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DXY: The analysis of the DXY (US Dollar Index) chart suggests a neutral overall momentum, indicating a lack of a clear trend direction at the moment. Given this neutral stance, there is a potential scenario where the price could fluctuate within a range defined by the 1st support and 1st resistance levels. The 1st support […]

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USDJPY Sustains Its 2024 Bullish Setup

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19/04/2024

GBPJPY Range Trading Continues

GBPJPY is in the red today, not far from its recent high It continues to hover inside a rectangle structure Momentum indicators are in waiting mode for the next key events GBPJPY is trading lower today as the market is digesting the latest developments in the Middle East and the lower Japanese inflation prints, and […]
15/01/2024

Dollar Index: Firmer Tone Keeps in Play Hopes for Test of Near-Term Range Top

The dollar index keeps positive tone in holiday-thinned Monday’s trading and attempting again through pivotal Fibo barrier at 102.27 (50% retracement of 104.27/100.29 bear-leg), where the action failed several times recently. Sustained break here to improve near-term picture and shift focus to the upside for potential attack at key barriers at 102.74/84 (recent range top […]
27/06/2024

Aussie Calm as Inflation Expectations Jump

The Australian dollar has posted small gains on Thursday. AUD/USD is trading at 0.6654 in the European session, up 0.10% on the day. Australian inflation expectations rises to 4.4% This week’s inflation indicators have risen more than expected, an indication that inflation remains sticky and that the road to the Reserve Bank of Australia’s inflation […]