Weekly Review

USD INDEX The USD strengthened across the board last week as the middle east conflict continued. Following the US involvement this weekend the impact on the USD will be seen in the markets following the Asian open to start the new trading week. The trend remains down on the index. Resistance sit...

USD INDEX The USD was sold off across the board last week, with all the major FX pairs strengthening significantly against the U$ and the USDX reflecting the move. While US data showed signs of weakening and negative USD sentiment continues to hinder the global currency, the U$ did show strength...

USD INDEX The USD did fight back and recouped a portion of the move lower, however the sellers won out the week adding to a strong downtrend and matching the low area from April. Support was set at 97.88. Sellers will be looking to retest the lows while buyers look up to resistance at 99.24. Ove...

USD INDEX While the USD has attempted to hold up and fight back, overall negative US sentiment continues to be the theme, notwithstanding the green weekly candlestick. The chart reflects a 3rd consecutive lower high and lower low adding to the downtrend. Uncertainty regarding current tariff regu...

USD INDEX 4 weeks of building a steady uptrend were reversed as the USD sold off sharply against the majors and the downtrend reflected in the USDX chart confirming the turnaround. From resistance at 100.74, sellers maintained control with supply clearly outperforming limited demand on the buyer...

USD INDEX A positive week for the U$ with a 4th consecutive candlestick displaying a higher high and higher low adding to the start of a new uptrend on the weekly chart. Support sits at 100.10 with resistance established at 101.86. Note buyers tested above the big picture year-long downtrend, al...

USD INDEX The charts display a green candlestick, completing a 3rd consecutive week of higher highs and higher lows - notwithstanding the USD pull back to close the week on Friday. (The retracement also reflected in the FX majors where the USD gave up gains to close the week). Support sits at 98...

USD INDEX The USD followed up on last weeks bounce and in so doing broke above the 100.00 mark to establish resistance at 100.15. The big picture reflects the index continuing to trade a full leg lower since the beginning of April with the RSI reading at 34. Buyers will aim to maintain above the...