• Latest
  • Trending
  • All
Pound corrects higher due to dollar weakness

Dollar edges lower as risk sentiment improves

September 28, 2020 10:05
Russian ruble licks wounds at all-time lows

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
Equity markets mixed ahead of the weekend

Markets struggle for direction as worries persist

June 30, 2022 04:15
Dollar lacks upside momentum due to lower Treasury yields

Greenback continues to outperform its rivals

June 29, 2022 05:31
Stocks retain bullish bias, capping dollar’s recovery

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
Geopolitics pushes global markets south, dollar bulls back in the game

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

USD slightly on the defensive to start the week

June 27, 2022 06:04
Markets struggle for direction, dollar steady after gains

Stock market rally continues, pressuring the dollar

June 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar resumes the downside, looks choppy

June 24, 2022 06:22
Risk sentiment looks mixed, dollar retreats marginally

Equities in positive territory ahead of the weekend, dollar lags

June 24, 2022 05:13
Stocks making recovery attempts, markets remain unstable

Markets indecisive as recession fears persist

June 23, 2022 09:11
Dollar lacks upside momentum due to lower Treasury yields

USD regains bullish bias, volatility ebbs somehow

June 23, 2022 08:44
  • Terms & Сonditions
  • Contact
Friday, July 1, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

    Geopolitics pushes global markets south, dollar bulls back in the game

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

    Geopolitics pushes global markets south, dollar bulls back in the game

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
No Result
View All Result

Home » Dollar edges lower as risk sentiment improves

Dollar edges lower as risk sentiment improves

by Joseph Deen
September 28, 2020 10:05
in Technical analysis
0
Pound corrects higher due to dollar weakness

GBPUSD regained bullish momentum following three days of consolidation

EURUSD

EURUSD managed to hold above the 1.16 figure during the recent sell-off. The euro caught a lift today and has erased Friday’s losses. The pair regained the mid-1.1600s due to a broader downside correction in the greenback. Now, the common currency needs to surpass the 1.1700 barrier in a sustainable fashion to allow for further gains. In a wider picture, the bullish view on EURUSD persists as long as the prices stay above the crucial 200-day MA that arrives at 1.1237 today. As of writing, the euro was changing hands around 1.1670. On the four-hour timeframes, the short-term technical picture has improved somewhat after the recent break above the 20-SMA. The immediate resistance now arrives at 1.1685, followed by the 1.17 figure.

GBPUSD

GBPUSD regained bullish momentum following three days of consolidation around the 100- and 200-DMAs. The local rally has faded just below the 1.2930 level that triggered a retreat from one-week tops. As a result, the pair got back below the 1.29 handle that continues to act as resistance. Some short-covering move around the cable was triggered by Brexit optimism coupled with a weaker dollar. Still, the prices need to reclaim the 1.29 figure as support in order to confirm the local breakout. Otherwise, the pound will likely retreat toward the mentioned moving averages that converge around 1.2735. The daily RSI is pointing north in the neutral territory, suggesting the pair could extend the current recovery after a short-term pause.

USDJPY

USDJPY dipped to 105.25 earlier in the day but managed to erase nearly all intraday losses in recent trading. Still, the dollar has once again failed to overcome the 20-daily moving average that continues to act as resistance. It looks like the pair will stay directionless for the time being, as on the one hand, the dollar is lower across the board, while on the other hand, positive risk sentiment caps demand for the safe-haven Japanese yen. The longer the greenback stays below the 105.70 intermediate resistance, the downside risks persist. On the four-hour charts, the pair is stuck between the 20- and 100-SMAs, pointing to further consolidation in the short term.

NZDUSD

The Kiwi retains a mild bullish bias on Monday but struggles to stage a more robust and sustained recovery from more than one-month lows registered last week. The pair climbed to a daily high of 0.6567 earlier in the day but failed to retain its upside momentum and gave up early gains, staying just slightly positive on the day ahead of the opening bell on Wall Street. During the recent sell-off, the prices derived support from the ascending 100-DMA. As long as the New Zealand dollar stays above this moving average, downside risks are limited. On the upside, the pair needs to turn the 0.6560 area into support in order to retarget the 0.66 immediate significant barrier.

USDCHF

USDCHF came under modest selling pressure on Monday following six consecutive days of gains. The pair peaked at late-July highs just below the 0.93 handle while deriving support from the 0.9250 region. As a result, the daily RSI reversed lower close to the overbought territory, suggesting the dollar could see some more losses before the bullish bias reemerges. In a wider picture, the technical outlook for USDCHF stays upbeat as long as the prices remain above the 20-daily moving average that arrives at 0.9146 today. On the upside, the prices could retarget the 100-DMA once above 0.93. This is the key upside hurdle for the greenback at this stage. If the downside pressure intensifies any time soon, the pair could challenge the 0.9240 area. 

Tags: BrexitDollarEURUSDGBPUSDNZDUSDUSDCHFUSDJPY
Share3Tweet2
ADVERTISEMENT
Joseph Deen

Joseph Deen

Joseph is a technical analysis expert. A graduate of NYU, Joseph has a master's degree in mathematics. On FWNews, Joseph provides exchange rates reviews and forecasts.

Related Posts

Russian ruble licks wounds at all-time lows
Technical analysis

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
15
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction as worries persist

June 30, 2022 04:15
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback continues to outperform its rivals

June 29, 2022 05:31
15
Stocks retain bullish bias, capping dollar’s recovery
Fundamental analysis

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
18
Geopolitics pushes global markets south, dollar bulls back in the game
Fundamental analysis

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
19

Leave Your Opinion Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Stocks mixed, dollar under pressure to start the week

Stocks mixed, dollar under pressure to start the week

August 31, 2020 06:18
13
Stocks mostly lower to start the week

Fed pushes stocks, bonds lower ahead of the weekend

April 22, 2022 08:00
14
Risk-off trades dominate global markets amid lockdowns

Risk-off trades dominate global markets amid lockdowns

March 24, 2021 06:49
14

Ads

Shneider Electric

Most Popular

A slow start to the week in FX markets
Technical analysis

Dollar regains ground to start the week

January 25, 2021 07:25
118
A slow start to the week in FX markets
Technical analysis

Greenback advances modestly amid strong data

May 28, 2021 07:38
110
Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war
News

Kim Jong Un reportedly says his nuclear weapons guarantee there will be no more war

July 28, 2020 08:29
95
FWNews

Copyright © 2020 FWNews

  • Terms & Сonditions
  • Contact
No Result
View All Result
  • FUNDAMENTALS
  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage

Copyright © 2020 FWNews