Weekly Review

USD INDEX Weak USD theme continued this week with the index trading within a relatively narrow range between 97.50 and 98.50. The EMAs show the leading indicator above the lagging indicator, although sideways more accurately describes the trend. Further contradiction shows a 2nd consecutive lowe...

USD INDEX A red candlestick confirms sellers won out for the week, notwithstanding that the higher low adds to the technical uptrend. Practically the index continues to trade within a loosely formed sideways range between 97 and 98 with neither side making a real statement. The sentiment remains...

USD INDEX The trend remains up thanks to a strong and steady 4-day rally from Monday to Thursday. Friday saw a major sell-off following an unexpectedly weak job numbers report. Resistance was set at 100.05 with support at 97.42. The current price sits at 98.46 going into the new week. Buyers wil...

USD INDEX Sellers dominated the week’s activity with USD weakness across the board - against the major currency pairs and confirmed with the index confirming the negative sentiment. The candlestick reflects a lower high and lower low on the chart. Resistance sits at 98.29 with support establishe...

USD INDEX A 2nd consecutive week of demand for USD confirmed on the chart with EMAs crossed up and a higher high and higher low on the chart. Strong data has added to the positive sentiment surrounding the global currency with none of the majors making a strong case for strengthening against the...

USD INDEX What a difference a week makes. Buyers were in control from the outset and maintained demand with a steady push higher comfortably taking out the previous weekly high. Sellers made no attempt to halt the positive mood, with strong US data lessening the probability of an immanent rate c...

USD INDEX Notwithstanding a fightback late in the week, sellers continued to dominate price activity with a lower low and lower high adding to a strong downtrend. From a buyer’s perspective we did see that the 96 level proves to be a strong floor and held up as a solid support area. Resistance s...