Weekly price is located below 200 period SMA and 100 period SMA for the primary bearish market condition: The price is on bearish ranging within 50.0% Fibo resistance level at 1119.33 and Fibo support level at 1046.23.Descending triangle pattern was formed by the price to be crossed for the bearish trend to be continuing."After bursting up to a new higher-high of $1,113.03 after NFP last Friday, prices have been pulling back. That pullback may have just found support ...
US Dollar: Greenback Looks in Trouble Heading into New Year The US Federal Reserve has finally raised interest rates, and this in itself should support the US Dollar in 2016. Yet a key factor that may stand in the way of further Dollar gains is straightforward: expectations. The Fed expects it will raise rates four times in 2016, but markets predict only half of that. Whether or not the USD finishes higher will depend on this key theme. ...
The price is on bearish market condition located below Ichimoku cloud and Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price was on bearish breakdown since October this year by Ichimoku cloud with key support levels to be broken to below. Price was bounced from 1046.27 support level to be started the secondary ranging in the beginning of Dec this year within intermediate s/r levels located on the primary bearish area of ...
US Dollar Forecast – US Dollar Remains in Control, but Can it Really Hold its Gains "Momentum clearly remains in the US Dollar’s favor as it trades near key multi-year peaks, and we head into the coming trading week cautiously bullish. Yet it is likewise clear that markets could shift in an instant, and it will be important to remain nimble in what looks to be another indecisive week of price action." British Pound Forecast ...
US Dollar Forecast – US Dollar Nears 12 Year Highs But Does It Have Motivation to Break? The US Dollar posted an impressive advance this past week, but it conspicuously fell short of breaking the 12-year high on the Index and clearing key range boundaries with major counterparts. Japanese Yen Forecast – USD/JPY Vulnerable as Yen Leans on ‘Funding-Currency’ Status The long-term outlook for USD/JPY remains bullish amid the deviating paths for monetary policy, but ...
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