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

Dollar eases slightly from fresh highs

August 11, 2021 12:10
Dollar lacks upside momentum due to lower Treasury yields

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
Investor sentiment looks neutral at the start of the week

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
Dollar lacks upside momentum due to lower Treasury yields

Major currencies struggle below key SMAs

May 19, 2022 06:02
Geopolitical tensions ease but risks persist

Global stock rout continues on growth fears

May 19, 2022 05:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
Chinese data spooks investors, sentiment turns sour

Stock markets turn directionless after a bounce

May 18, 2022 05:08
Dollar lacks upside momentum due to lower Treasury yields

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
Sentiment turns sour, dollar steadies ahead of the weekend

USD gives up gains as risk sentiment improves further

May 17, 2022 04:52
Dollar lacks upside momentum due to lower Treasury yields

Dollar off tops but resilient

May 16, 2022 05:44
Stocks mostly lower despite upbeat economic data

Markets failed to extend the bounce, back under pressure

May 16, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

Dollar refrains from a deeper retreat

May 13, 2022 06:04
Dollar lacks upside momentum due to lower Treasury yields

The greenback seems unstoppable

May 12, 2022 06:34
  • Terms & Сonditions
  • Contact
Sunday, May 22, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investor sentiment looks neutral at the start of the week

    Modest bounce after sell-off ahead of the weekend

    Geopolitical tensions ease but risks persist

    Global stock rout continues on growth fears

    Chinese data spooks investors, sentiment turns sour

    Stock markets turn directionless after a bounce

    Sentiment turns sour, dollar steadies ahead of the weekend

    USD gives up gains as risk sentiment improves further

    Stocks mostly lower despite upbeat economic data

    Markets failed to extend the bounce, back under pressure

    Risk sentiment looks mixed, dollar retreats marginally

    Dollar at fresh highs while stock markets keep bleeding

    Stocks continue to give up gains ahead of US jobs data

    Stocks bounce ahead of US inflation report

    Investors stay nervous as tensions escalate

    Markets look for rebound after a major sell off

    Stock markets rebound on strong corporate earnings

    Recession worries keep markets on the defensive

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

Home » Dollar eases slightly from fresh highs

Dollar eases slightly from fresh highs

by Joseph Deen
August 11, 2021 12:10
in Technical analysis
0
Pound corrects higher due to dollar weakness

The euro needs to make a decisive break above the 1.1750 intermediate resistance in order to regain the 1.1800 barrier

EURUSD

EURUSD turned marginally higher in recent trading after touching fresh lows just above the 1.1700 figure. If this support zone fails to withstand the downside pressure that persists despite the local bounce, the common currency would refresh 2021 lows and could see deeper losses in the coming days. On the upside, the pair needs to make a decisive break above the 1.1750 intermediate resistance in order to regain the 1.1800 barrier. In a wider picture, the 1.1900 level continues to act as a key hurdle for euro bulls. On the four-hour timeframes, the pair was last seen flirting with the 20-SMA, a decisive break above which would pave the way towards a more sustained and robust recovery.

GBPUSD

GBPUSD derived support from the 1.3800 figure earlier in the day to stage a local bounce as dollar demand has eased somehow after climbing to fresh multi-week highs. The cable now faces the immediate barrier at 1.3870. A break above this area would pave the way towards 1.3900, followed by the 100-DMA that arrives at 1.3920. This moving average represents the key barrier for sterling bulls at this stage. As long as the prices stay below this level, the upside risks are limited. On the hourly timeframes, the pound jumped to the 100-SMA in recent trading, adding to a more upbeat near-term technical picture. In a wider perspective, GBPUSD remains confined to a relatively tight trading range on the weekly charts.

XAUUSD

Gold prices extend the recovery from lows seen around $1,673 at the start of the week. On Wednesday, the yellow metal notched intraday highs in the $,1747 area and now needs to break above the $1,750 intermediate resistance in order to extend the bounce and reach the $1,800 figure where the key moving averages arrive. On the downside, the bullion could derive support from the $1,700 area if the selling pressure reemerges any time soon. In the short term, it looks like the precious metal could extend the recovery as the dollar retreats following the recent rally. On the weekly timeframes, the technical picture has improved somehow as the prices regained the ascending 100-SMA that arrives at $1,737 today.

USDCHF

USDCHF has been rallying for the sixth day in a row on Wednesday as dollar demand has been persisting these days. During the European hours, the pair climbed to the 0.9240 area last seen more than one month ago. The daily RSI is pointing north but is yet to enter the overbought territory, suggesting there is some room for further gains in the short term. If the buying pressure persists, USDCHF could target April highs around 0.9270. However, on shorter-term timeframes, there are some signs of waning upside momentum, with the RSI is correcting from the overbought territory both on the hourly and 4-hour charts. If the retreat continues anytime soon, the dollar could get back under the 0.9200 figure. USDCHF was last seen changing hands around 0.9220, nearly unchanged for the day.

Tags: EURUSDGBPUSDGoldUSDCHFXAUUSD
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

Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD treads water after plunge, markets steady ahead of the weekend

May 20, 2022 06:21
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Major currencies struggle below key SMAs

May 19, 2022 06:02
12
Geopolitical tensions ease but risks persist
Fundamental analysis

Global stock rout continues on growth fears

May 19, 2022 05:00
16
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar regains ground after a three-day sell-off

May 18, 2022 06:09
15
Chinese data spooks investors, sentiment turns sour
Fundamental analysis

Stock markets turn directionless after a bounce

May 18, 2022 05:08
15
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Currencies enjoy a bounce amid a weaker USD

May 17, 2022 06:51
16

Leave Your Opinion Cancel reply

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

Recommended

Market sentiment uncertain amid the virus and vaccine developments

Market sentiment uncertain amid the virus and vaccine developments

November 19, 2020 05:06
14

The Fed is set to take on a new challenge: Climate change

November 12, 2020 21:08
10

Agencies release list of distressed or underserved nonmetropolitan middle-income geographies

June 24, 2020 02:04
10

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