Tag Archives: USD

Dollar climbs after falling back to sort, short-term difficult to continue to rise

Forex technical analysis:

DXY retreated to earlier gains on Friday and edged lower as uncertainty over the future of the U.S.-China trade deal continued to unsettle investors. But trading markets have been shorter since last week’s U.S. Thanksgiving holiday, limiting exchange rate volatility. Earlier, DXY rose to its highest level of 98.544 since October 15, after being virtually flat last week.

China has vowed to call for “resolute countermeasures” after U.S. President Donald Trump approved a measure Wednesday to support pro-democracy protesters in Hong Kong. China has not stated whether the move will have any impact on trade talks. Negotiators from the world’s two world’s largest economies have been stressing for weeks to hammer out a “phase one” trade deal that markets hope will be signed by the end of the year.

Better-than-expected inflation in the euro zone in November helped the EURO rise slightly, but inflation remains below the ECB’s target, then the prospect for the future remains uncertain. In summation, while DXY’s Intraday gains were held back, DXY’s 0.9% gain in November, its best monthly performance since July, continued to benefit from a relatively strong economic performance. Data released on Wednesday presented a slight rebound in U.S. Economic development in the third quarter, in contrast to other indicators that suggest a slowdown in global economic activity.

Forex fundamental analysis:

DXY’s rally on Friday was held below 98.55, with the correction supported above 98.22 and closing at 98.27, meaning the USD is likely to hold the correction after a short rally. If DXY rises below 98.50 today, the quarry of the post-market correction will point to 98.15-98.05. Today, DXY short-term resistance at 98.45-98.50, short-term important resistance 98.60-98.65. DXY short-term support at 98.15-98.20, short-term important support at 98.00-98.05.

EUR/USD fell above 1.0980 on Friday, rebounding below 1.1030 and closing at 1.1017, meaning the EUR/USD is likely to remain on the rebound after a short-term decline. If EUR/USD falls above 1.0990 today, the goal of the post-market rally will be 1.1035-1.1055. Today EUR/USD short-term resistance at 1.1030-1.1035, short-term important resistance at 1.1050-1.1055. EUR/USD short-term support at 1.0990-1.0995, short-term important support at 1.0960-1.0965.

Forex Trading Strategy Recommendations:

DXY: 98.45 Sell, 98.70 Stop Loss, 98.05 Take Profit

EUR/USD: 1.0990 Buy, 1.0960 Stop Loss, 1.1055 Take Profit

GBP/USD: 1.2895 Buy, 1.2855 Stop Loss, 1.2980 Take Profit

USD/CHF: 1.0020 Sell, 1.0045 Stop Loss, 0.9960 Take Profit

USD/JPY: 109.65 Sell, 109.90 Stop Loss, 109.25 Take Profit

AUD/USD: 0.6780 Sell, 0.6800 Stop Loss, 0.6735 Take Profit

USD/CAD: 1.3255 Buy, 1.3230 Stop Loss, 1.3330 Take Profit

U.S. Data boost supports dollar’s modest rise

Forex technical analysis:

Wednesday, in advance of the Thanksgiving holiday, the U.S. Published a series of heavy economic data. Data showed third-quarter GDP was revised upward to 2.1%, up from 1.9% earlier. Durable goods orders rose 0.6% in October, well above expectations of a 0.8% fall. While initial jobless payments fell to 213,000, compared with 227,000 last week,and the closely watched inflation indicator, the core PCE price index, rose 0.1% a month, in line with expectations. Later the data came out, the DXY short-term pulled up about 15 points, and then fell back from the Japanese high, THE EUR and other major non-US currencies and spot gold under pressure to fall;

Forex fundamental analysis:

The DXY pullback on Wednesday was supported by a rally above 98.20, rising below 98.45 and closing at 98.37, meaning the USD is likely to hold the correction after a short rally. If DXY rises below 98.50 today, the quarry of the post-market correction will point to 98.25-98.10. Today, DXY short-term resistance at 98.45-98.50, short-term important resistance 98.55-98.60. DXY short-term support at 98.25-98.30, short-term important support at 98.10-98.15.

The EUR/USD rally on Wednesday was held back in 1.1030, falling above 1.0990 and closing at 1.1005, meaning the EUR/USD is likely to remain on the rebound after a short-term decline. If EUR/USD falls above 1.0990 today, the goal of the post-market rally will point to 1.1025-1.1040. Today EUR/USD short-term resistance at 1.1020-1.1025, short-term important resistance at 1.1040-1.1045. EUR/USD short-term support at 1.0985-1.0990, short-term important support at 1.0970-1.0975.

Forex Trading Strategy Recommendations:

DXY: 98.45 Sell, 98.60 Stop Loss, 98.15 Take Profit

EUR/USD: 1.0990 Buy, 1.0970 Stop Loss, 1.1040 Take Profit

GBP/USD: 1.2880 Buy, 1.2850 Stop Loss, 1.2970 Take Profit

USD/CHF: 1.0010 Sell, 1.0030 Stop Loss, 0.9960 Take Profit

USD/JPY: 109.20 Buy. 108.80 Stop Loss, 110.00 Take Profit

AUD/USD: 0.6770 Buy, 0.6755 Stop Loss, 0.6800 Take Profit

USD/CAD: 1.3295 Sell, 1.3315 Stop Loss, 1.3245 Take Profit

USD swings slightly, waiting for change

Forex technical analysis:

Positive news about you. S. -China trade relations have weighed on USD’s safe-haven buying, while a slowdown in trading on Thanksgiving has added to the pressure on USD to pull backwards. In gain, the weak performance of U.S. Economic data released on the day dragged Down DXY pressure.

On the morning of November 26, Liu He, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, Vice Premier of the State Council and China’s leading Chinese negotiator for the China-U.S. Comprehensive Economic Dialogue, spoke with U.S. Trade Representative Leishize and Finance Minister Mnuchin, according to the press office of China’s Ministry of Commerce. The two sides discussed resolving each other’s core concerns, reached consensus on resolving relevant issues, and agreed to keep communication on the remaining issues of the first phase of negotiations. The Global Times said on Monday that the two nations were very close to reaching the first phase of the agreement. U.S. President Donald Trump also said Tuesday that the U.S. And China is close to gaining an agreement on the first phase of a trade deal.

Data released Tuesday indicated that the U. S. The merchandise trade deficit fell sharply in October, with both imports and exports falling, suggesting that trade flows continue to decline, blamed on the Trump administration’s “America First” policy. U.S. Consumer confidence fell for a fourth straight month in November amid worries about job conditions and job prospects, but remained at a level large enough to support steady growth in consumer spending.

The GBP/USD is falling modestly in the coming days as a poll shows the Conservatives’ lead is narrowing ahead of next month’s general election. Expectations that a Tory victory will end more than three years of Brexit turmoil have boosted the GBP in the recent term, despite concerns about a no-deal Brexit.

Forex fundamental analysis:

DXY’s rally on Tuesday was held in 98.40, with a correction above 98.20 and closing at 98.24, meaning the USD is likely to persist in the correction after a short rally. If DXY bounces below 98.35 today, the quarry of the post-market correction will point to 98.20-98.10. Today, DXY short-term resistance at 98.30-98.35, short-term important resistance 98.40-98.45. DXY short-term support at 98.15-98.20, short-term important support at 98.10-98.15.

EUR/USD fell above 1.1005 on Tuesday, rebounding below 1.1025 and closing at 1.1022, meaning the EUR/USD short-term correction is likely to stay on a rally. If the EUR/USD correction is supported above 1.1010 today, the quarry of the post-market rally will point to 1.1030-1.1040. Today EUR/USD short-term resistance at 1.1025-1.1030, short-term important resistance at 1.1035-1.1040. EUR/USD short-term support at 1.1010-1.1015, short-term important support at 1.1000-1.1005.

Forex Trading Strategy Recommendations:

DXY: 98.35 Sell, 98.50 Stop Loss, 98.15 Take Profit

EUR/USD: 1.1010 Buy, 1.0990 Stop Loss, 1.1040 Take Profit

GBP/USD: 1.2835 Buy, 1.2800 Stop Loss, 1.2905 Take Profit

USD/CHF: 0.9985 Sell, 1.0005 Stop Loss, 0.9950 Take Profit

USD/JPY: 108.85 Buy, 108.65 Stop Loss, 109.35 Take Profit

AUD/USD: 0.6770 Buy, 0.6750 Stop Loss, 0.6810 Take Profit

USD/CAD: 1.3255 Buy, 1.3235 Stop Loss, 1.3335 Take Profit