• Latest
  • Trending
  • All
A slow start to the week in FX markets

Dollar looks relatively steady ahead of data

August 17, 2021 06:55
Equity markets mostly depressed

Equity markets mostly depressed

September 22, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
Dollar lacks upside momentum due to lower Treasury yields

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
Stock markets directionless as Fed meeting looms

Stock markets directionless as Fed meeting looms

September 19, 2023 07:03
Dollar lacks upside momentum due to lower Treasury yields

Dollar under some pressure after the weekend

September 18, 2023 07:00
Economic data and ECB boost stock market rally

Economic data and ECB boost stock market rally

September 15, 2023 07:57
Dollar lacks upside momentum due to lower Treasury yields

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
Dollar lacks upside momentum due to lower Treasury yields

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
Stock markets struggle for direction ahead of major events

Stock markets struggle for direction ahead of major events

September 12, 2023 07:19
Dollar lacks upside momentum due to lower Treasury yields

Dollar rally pauses to start the week

September 11, 2023 06:46
Risk sentiment improves somewhat after a streak of losses

Risk sentiment improves somewhat after a streak of losses

September 8, 2023 07:08
Dollar lacks upside momentum due to lower Treasury yields

Unabated dollar demand keeps pressuring gold

September 7, 2023 07:26
  • Terms & Сonditions
  • Contact
Saturday, September 23, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mostly depressed

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

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

    Equity markets mostly depressed

    Stock markets directionless as Fed meeting looms

    Stock markets directionless as Fed meeting looms

    Economic data and ECB boost stock market rally

    Economic data and ECB boost stock market rally

    Stock markets struggle for direction ahead of major events

    Stock markets struggle for direction ahead of major events

    Risk sentiment improves somewhat after a streak of losses

    Risk sentiment improves somewhat after a streak of losses

    Dollar buoyed by risk aversion

    Dollar buoyed by risk aversion

    Equity markets indecisive ahead of the weekend

    Equity markets indecisive ahead of the weekend

    Stocks advance amid signs of a cooling US economy

    Stocks advance amid signs of a cooling US economy

    Powell and China fuel stock market rally

    Powell and China fuel stock market rally

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

Home » Dollar looks relatively steady ahead of data

Dollar looks relatively steady ahead of data

by Joseph Deen
August 17, 2021 06:55
in Technical analysis
0
A slow start to the week in FX markets

The USD index has settled at two-day highs around 92.80, extending further the bounce of recent lows in the 92.50 area

EURUSD

The USD index has settled at two-day highs around 92.80 on Tuesday, extending further the bounce of recent lows in the 92.50 area. The euro failed to overcome the 1.1800 resistance during the rally witnessed on Friday and has been under some selling pressure since then. This immediate barrier is strengthened by the 20-DMA at this stage, suggesting the common currency could need an extra catalyst to make a decisive breakout in the near term. Earlier in the day, EURUSD dipped to the 1.1760 area before bouncing marginally. If this support withstands the pressure, the pair would regain the 1.1780 region, followed by the mentioned moving average that arrives at 1.1800. On the downside, the common currency may get back under the 1.1750 region, with the initial target arriving at 1.1730, followed by the 1.1700 key support.

GBPUSD

The cable came under more severe selling pressure today to get back below the 1.3800 figure during the European hours. The pair extended losses to the 1.3785 area in recent trading and was last seen flirting with a slightly ascending 200-DMA. A break below this moving average which arrives at the mentioned intraday lows would pave the way towards 1.3745, followed by the 1.3700 figure last seen nearly one month ago. On the upside, the immediate resistance now arrives at 1.3825, followed by the 1.3845 region where the 20-DMA lies. On the four-hour timeframes, the technical picture looks bearish, with the RSI is pointing lower but is yet to enter the oversold territory.

USDJPY

USDJPY bounced slightly from a two-week low of 109.11 to turn marginally positive on Tuesday following four days of losses. During the recent sell-off, the pair got back under the key moving averages but managed to derive support from the 109.00 region that could trigger a more pronounced bounce should the greenback preserve bullish bias in the short term. Otherwise, the mentioned support would give up to open the way towards the 108.70 important zone. On the hourly charts, the near-term technical picture looks neutral, with the pair flirting with the 20-SMA while the RSI is directionless around 45. Earlier in the day, the prices climbed to the 109.40 area before retreating marginally, suggesting the dollar lacks recovery momentum at this stage.

USDCHF

USDCHF has been losing ground for the third day in a row on Tuesday, albeit the downside momentum has slowed somehow in recent trading. The pair registered 1.5-week lows around the 0.9100 figure before bouncing marginally during the European hours. Now, the dollar needs to hold above this support zone in order to avoid deeper losses in the coming days. On the other hand, recovery attempts will likely be capped by the 20- and 100-DMAs in the near term, with the key immediate upside barrier is represented by the 109.35 region. On a wider picture, USDCHF needs to regain the 0.9200 figure in order to regain a more convincing upside momentum.

USDCAD

USDCAD extended yesterday’s gains on Tuesday as the safe-haven dollar demand picked up this week. The pair advanced to nearly four-week highs around 1.2630 but is yet to confirm a break above the 1.2600 barrier on a daily closing basis. During the ascent, the dollar exceeded the 20- and 200-DMAs, adding to a more upbeat technical picture. The daily RSI is pointing north in the neutral territory, suggesting there is room for further gains in the near term. On the downside, the 1.2600 level now represents the immediate support, followed by the 1.2560 area where the 200-DMA arrives. On the four-hour charts, there are some signs of waning upside momentum, with the RSI is getting flat in the overbought territory, which implies that further gains could be limited in the immediate term.

Tags: EURUSDGBPUSDUSDCADUSDCHFUSDJPY
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

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar under some pressure after the weekend

September 18, 2023 07:00
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD hesitates below the 105.00 barrier

September 14, 2023 07:00
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

USD steady and resilient in anticipation of US CPI

September 13, 2023 07:15
13
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar rally pauses to start the week

September 11, 2023 06:46
14

Leave Your Opinion Cancel reply

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

Recommended

Global stocks rebound, dollar under pressure

Global stocks rebound, dollar under pressure

May 14, 2021 05:31
17
Global stocks mixed as investors remain cautious

Fed and economic updates set the tone on Thanksgiving Day

November 25, 2021 01:25
10

Federal Reserve announces FraudClassifier Model to help organizations classify fraud involving payments

June 18, 2020 02:10
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
124
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 © 2022 FWNews

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

Copyright © 2022 FWNews