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US Dollar (USD)

Intraday Market Analysis – USD in consolidation mode 22-12-2022

Jing Ren Dec 22, 2022 435 0

USDCAD hits resistance The Canadian dollar softened as November’s inflation reading showed signs of slowing down. On the daily chart, the uptrend remains intact and a bullish MA cross indicates solid support and a potential…
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Technical Analysis

Intraday Market Analysis 09.12.2022

Jing Ren Dec 9, 2022 373 0

NZDUSD seeks support The New Zealand dollar treads water ahead of the Fed's policy meeting. The pair hit resistance right under August’s high of 0.6460. Profit-taking from short-term buyers compounds selling from those who believe in a…
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Technical Analysis

Intraday Market Analysis 08.12.2022

Jing Ren Dec 8, 2022 434 0

USDJPY recoups some losses The Japanese yen rallies over better-than-expected GDP in Q3. The pair has found solid support at 134.20 near August’s lows. The latest rally is likely to be driven by sellers’ profit-taking, which means that…
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Technical Analysis

XAGUSD Double Zigzag to Reach 24.788

Roman Onegin Dec 7, 2022 358 0

Looking at the 1H timeframe, we see the development of the corrective wave b. This is part of the global zigzag. Correction b takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, and the last wave Ⓩ…
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Technical Analysis

Intraday Market Analysis 07.12.2022

Jing Ren Dec 7, 2022 251 0

EURUSD hits resistance The US dollar edges higher as dovish incentives for the Fed fade amid robust data. The pair came under pressure at 1.0600 which is a supply zone from last June’s sell-off. The directional bias remains up in the…
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Technical Analysis

Intraday Market Analysis 02.12.2022

Jing Ren Dec 2, 2022 433 0

NZDUSD makes higher high The US dollar continues to soften after October’s PCE showed a deceleration. The pop above the high of 0.6290 is a confirmation that the bulls are still in control after a short-lived correction. Strong…
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Technical Analysis

Intraday Market Analysis 17.11.2022

Jing Ren Nov 17, 2022 406 0

GBPUSD keeps high ground Sterling rallies as red hot inflation in the UK calls for more interest rate hikes by the BoE. A break above September’s high of 1.1740 has prompted some bears to cover their positions, easing the downward…
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Technical Analysis

Intraday Market Analysis 15.11.2022

Jing Ren Nov 15, 2022 302 0

AUDUSD holds steady The Australian dollar consolidates as the RBA minutes argue for smaller hikes amid cooling house prices. On the daily chart, a bullish MA cross following a break above 0.6500 is a sign that sentiment could be…
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Fundamental Analysis

What Just Happened With the Dollar?

Daniel John Grady Nov 11, 2022 504 0

Yesterday, the US reported headline and core CPI figures well below expectations. Stock markets around the world jumped, and the dollar got weaker as yields fell. The market cut its outlook for rate hikes. Commodities also got a boost. Is…
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Technical Analysis

Intraday Market Analysis 25.10.2022

Jing Ren Oct 25, 2022 324 0

USDCHF in consolidation The US dollar stays muted over lacklustre manufacturing and services PMI. The bullish bias remains intact as the greenback consolidates its gains around parity. Buyers may see the sideways action as an…
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