Tag Archives: USD

Risk sentiment heats up in markets, USD rises slightly

Forex technical analysis:

The dollar index as a whole has held steady as market risk sentiment has grown, with positive news of the US-China trade dispute encouraging the market and dollar buying being held back, but the yen’s safe-haven value has also been hit. Meanwhile, the pound’s rise continued as weekend polls showed the Conservatives continuing to pass by a wide margin.

Robert O’Brien, the U.S. A national security adviser, said the possibility of a swap deal between the Us and China by the end of the year remained the focus of the market. The Global Times also stated it was very close to a “first phase” agreement, which undermined the impact of “negative” coverage in other parts of the media. China’s General Office of the State Council recently put out “on strengthening intellectual property protection advice, ” said that will significantly increase the amount of legal compensation for infringement of intellectual property rights, increase the strength of damages, the news also boosted market sentiment.

Nevertheless, the position situation suggests that investors remain cautious about the future. If the trade situation deteriorates, USD’s resilience to risk will continue to attract many buys. Speculators’ net long positions in the USD rose to a five-week high in the week of November 19, according to the Commodity Futures Trading Commission. In summation, the GBP climbed from recent lows as polls continue to show the ruling ConservativeS with the best chance of winning the December 12 general election. The party has assured to bring LinkedIn Brexit, ending three and a half years of political uncertainty.

Forex fundamental analysis:

The DXY’s Monday correction was supported by a 98.15 rally above 98.40 and closed at 98.32, meaning the USD short-term correction is likely to stay up. If the DXY correction is supported above 98.20 today, the target for the post-market rally will be 98.40-98.50. Today, DXY short-term resistance at 98.35-98.40, short-term important resistance 98.45-98.50. DXY short-term support at 98.20-98.25, short-term important support at 98.05-98.10.

EUR/USD rebounded below 1.1035 on Monday, falling above 1.1000 and closing at 1.1009, meaning the EUR/USD short-term rally is likely to stay down. If EUR/USD rebounds today at 1.1030, the target for the market will fall will point to 1.0995-1.0985. Today EUR/USD short-term resistance at 1.1025-1.1030, short-term important resistance at 1.1040-1.1045. EUR/USD short-term support at 1.0995-1.1000, short-term important support at 1.0985-1.0990.

Forex Trading Strategy Recommendations:
EUR USD Forex trading strategy 11-26-2019

EUR/USD: 1.1025 Sell, 1.1045 Stop Loss, 1.0985 Take Profit

GBP/USD: 1.2860 Buy, 1.2900 Stop Loss, 1.2955 Take Profit

USD/CHF: 0.9960 Buy, 0.9940 Stop Loss, 1.0000 Take Profit

USD/JPY: 108.70 Buy, 108.40 Stop Loss, 109.25 Take Profit

AUD/USD: 0.6760 Buy, 0.6740 Stop Loss, 0.6815 Take Profit

USD/CAD: 1.3290 Buy, 1.3260 Stop Loss, 1.3340 Take Profit

The USD continues to grow sharply, whether the short-term can breakthrough remains to be tested

Forex technical analysis:

The dollar index moved up steadily as the latest U.S. Markit purchasing managers’ index performed strongly, further evidence that the recent weakness in the U.S. The dream may be over in a depressed economy. The University of Michigan’s consumer confidence indicator, then climbed strongly to 96.8, indicating a surge in consumer confidence.

U.S. President Donald Trump signed a four-week spending bill that delayed a possible government shutdown until December 20, giving lawmakers more time to ferment out a full-year funding package for the fiscal year that began last month. Later on the news, DXY received a boost, extending earlier in the day’s rally. In improver, the relatively positive comments made by Minneapolis Fed President John Cashcane and Cleveland Fed President John Meister on economic growth and inflation also spurred USD buying, with DXY stabilizing above the 98 mark.

In addition, U.S. rare coins are very portable. President Donald Trump told Fox News that the two positions are “very close” to a trade agreement, noting that “we have a good chance of reaching an agreement.” In early October, the two countries agreed to work together on a so-called “first phase” trade deal, but were divided over whether the elimination of existing tariffs should be part of the agreement. Nevertheless, the recent resurgence of optimism is expected to help the market risk sentiment stabilize, thereby helping risk-related currencies such as AUD to rebound.

Forex fundamental analysis:

The DXY’s correction on Friday was supported by a correction above 97.80, rising below 98.35 and closing at 98.28, meaning the USD short-term correction is likely to stay up. If the DXY correction is supported above 97.95 today, the target for the post-market rally will be 98.50-98.65. Today, DXY short-term resistance at 98.45-98.50, short-term important resistance 98.60-98.65. DXY short-term support at 98.10-98.15, short-term important support at 97.95-98.00.

EUR/USD rebounded below 1.1090 on Friday, falling above 1.1015 and closing at 1.1020, meaning the EUR/USD short-term rally is likely to stay down. If EUR/USD rebounds today at 1.1065, the target for the market will fall at 1.0995-1.0970. Today EUR/USD short-term resistance at 1.1040-1.1045, short-term important resistance at 1.1060-1.1065. EUR/USD short-term support at 1.0995-1.1000, short-term important support at 1.0970-1.0975.

Forex Trading Strategy Recommendations:

EUR/USD: 1.1065 Sell, 1.1105 Stop Loss, 1.0995 Take Profit

GBP/USD: 1.2895 Sell, 1.2935 Stop Loss, 1.2795 Take Profit

USD/CHF: 0.9940 Buy, 0.9905 Stop Loss, 1.0000 Take Profit

USD/JPY: 108.40 Buy, 108.10 Stop Loss, 108.90 Take Profit

AUD/USD: 0.6765 Buy, 0.6740 Stop Loss, 0.6815 Take Profit

USD/CAD: 1.3315 Sell, 1.3355 Stop Loss, 1.3235 Take Profit

USD small rebound can not re-position

Forex technical analysis:

The USD emerged slightly higher, the outlook for a US-China trade deal was uncertain and investors were cautious for the time being. Investors have grown increasingly optimistic about the possibility of a deal in recent weeks, but investors have been fazed by tough talk of a trade war in recent days. Nevertheless, China’s Ministry of Commerce spokesman Gao Feng said at a regular press conference at the Ministry of Commerce on the 21st, The China-U. S. Economic and trade teams will go forward to maintain close communication. Details of the agreement negotiations are not available at this time, but outside rumors are not exact.

The Wall Street Journal on Thursday, quoting unnamed sources, reported that China had invited senior U.S. Trade negotiators in Beijing for a new round of face-to-face talks and that the two sides were still attempting to reach an agreement. Only U.S. President Donald Trump said Tuesday that the U.S. Will raise tariffs on Chinese imports if trade with Beijing ends the trade war. The effects of these messages are offset by the fact that they are unfit for the market.

The GBP/USD went up again to the $1.30 mark on Thursday as the dollar rebounded and the opposition Labor Party issued a campaign manifesto that has left some bulls cashing in on the pound.

Forex fundamental analysis:

The DXY correction on Thursday was supported above 97.70, with the rally at 98.05 and closing at 98.00, meaning the USD short-term correction is likely to stay on a rally. If the DXY pullback is supported above 97.80 today, the quarry of the post-market rally will point to 98.15-98.25. Today, DXY short-term resistance at 98.10-98.15, short-term important resistance 98.20-98.25. DXY short-term support at 97.80-97.85, short-term important support at 97.60-97.65.

EUR/USD rebounded below 1.1100 on Thursday, with the correction supported above 1.1050 and closing at 1.1059, meaning the EUR/USD short-term rally is likely to maintain the correction. If EUR/USD bounces below 1.1090 today, the quarry of the post-market correction will point to 1.1040-1.1025. Today EUR/USD short-term resistance at 1.1080-1.1085, short-term important resistance at 1.1110-1.1115. EUR/USD short-term support at 1.1040-1.1045, short-term important support at 1.1025-1.1030.

Forex Trading Strategy Recommendations:

EUR/USD: 1.1085 Sell, 1.1115 Stop Loss, 1.1025 Take Profit

GBP/USD: 1.2950 Sell, 1.2990 Stop Loss, 1.2850 Take Profit

USD/CHF: 0.9905 Buy, 0.9875 Stop Loss, 0.9965 Take Profit

USD/JPY: 108.40 Buy, 108.10 Stop Loss, 108.95 Take Profit

AUD/USD: 0.6805 Sell, 0.6830 Stop Loss, 0.6765 Take Profit

USD/CAD: 1.3315 Sell, 1.3355 Stop Loss, 1.3235 Take Profit