• Latest
  • Trending
  • All
Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps losing ground nearly across the board

November 30, 2021 00:23
Investors cautiously digest economic data

Investors cautiously digest economic data

September 27, 2023 08:00
Dollar lacks upside momentum due to lower Treasury yields

Dollar looks unstoppable

September 26, 2023 07:00
Investors stay depressed after heavy losses

Investors stay depressed after heavy losses

September 25, 2023 07:00
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
  • Terms & Сonditions
  • Contact
Thursday, September 28, 2023
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors cautiously digest economic data

    Investors cautiously digest economic data

    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    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

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Investors cautiously digest economic data

    Investors cautiously digest economic data

    Investors stay depressed after heavy losses

    Investors stay depressed after heavy losses

    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

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

Home » Dollar keeps losing ground nearly across the board

Dollar keeps losing ground nearly across the board

by Joseph Deen
November 30, 2021 00:23
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

In a wider picture, the greenback remains within a bullish trend, with the euro being just slightly off mid-2020 lows

EURUSD

The dollar is mostly on the defensive on Tuesday despite the prevailing risk-off sentiment as the US Treasury yields keep losing ground. As such, EURUSD is now back above the 1.1300 figure and was last seen flirting with daily highs in the 1.1365 region, targeting the descending 20-DMA that arrives marginally below the 1.1400 level that represents the immediate target for euro bulls. If this barrier gives up anytime soon, the 1.1450 intermediate resistance would come back into the market focus. On the downside, the common currency needs to hold above 1.1245 in order to stay afloat in the near term. In a wider picture, the greenback remains within a bullish trend, with the euro being just slightly off mid-2020 lows registered earlier this month below the 1.1200 figure.

GBPUSD

The pound is back in positive territory on Tuesday as the dollar came under renewed selling pressure. The pair erased yesterday’s losses to register nearly one-week highs around 1.3370 and was last seen clinging to the upper end of the range. Still, it looks like downside risks continue to persist as long as the prices stay below the descending 20-DMA, currently at 1.3433. On the four-hour charts, the cable is now stuck between the 100- and 200-SMAs while the RSI is directionless in the neutral territory, which implies that GBPUSD could lack the recovery momentum to overcome the mentioned moving average in the near term. On the downside, the nearest support is now expected at 1.3320, followed by the 1.3300 figure. Of note, the 2021 lows around 1.3280 remain in focus as long as the prices stay below the 1.3500 figure.

USDJPY

USDJPY has been losing ground for the fourth session in a row to derail the 113.00 figure in recent trading. The greenback dipped to nearly three-week lows around 112.70 and was clinging to the lower end of the extended trading range during the European hours, staying below the 113.00 figure. Should the downside pressure keep intensifying in the near term, a break below the mentioned lows would pave the way towards fresh October 11 lows. Now, the immediate upside target arrives at 113.00, followed by the 113.50 intermediate barrier. On the hourly timeframes, the technical picture looks bearish, with the prices trending lower below the key moving averages.

AUDUSD

The Aussie keeps losing ground to dip to one-year lows below the 0.7100 figure earlier in the day before trimming some losses in recent trading. Following a plunge, the pair climbed back to the 0.7130 area while staying negative on the day despite UD dollar weakness. Of note, the daily RSI has entered the oversold territory and continues to point south, suggesting the pair could see deeper losses in the short term before a reversal takes place. On the upside, the initial target now arrives at 0.7155-0.7160. A decisive break above this zone would pave the way towards the 0.7190 barrier. In the immediate term, however, the Australian dollar needs to hold above 0.7130 in order to avoid fresh losses during the upcoming session in the US.

USDCHF

USDCHF has been falling for the third session in a row on Tuesday. The pair extended losses to nearly three-week lows below the 0.9200 figure to derive support from the 200-DMA, currently at 0.9177. The daily RSI keeps pointing south in neutral territory, suggesting there is room for further losses in the short term. A break below the mentioned moving average would add to a short-term bearish technical picture to pave the way towards the 0.9155 area, followed by the 0.9110 figure. On the hourly charts, the outlook remains negative as well. Furthermore, during the recent sell-off, the pair dipped back below the key moving averages. In a wider picture, USDCHF keeps retreating from early-April highs and could derail the 0.9100 figure before a reversal takes place.

Tags: AUDUSDDollarEURUSDGBPUSDUSUSDCHFUSDJPY
Share2Tweet1
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 looks unstoppable

September 26, 2023 07:00
11
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar receives fresh impetus from Fed

September 21, 2023 07:01
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback paralyzed in anticipation of Fed decision

September 20, 2023 07:00
16
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

Leave Your Opinion Cancel reply

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

Recommended

Trump laid out a three-stage process for ending lockdowns to stop the spread of the coronavirus

Equities surge, dollar stable at the end of the week

April 17, 2020 07:04
22
Stocks mostly lower despite upbeat economic data

Stocks mostly lower despite upbeat economic data

April 23, 2021 05:49
15
Investors stay nervous as tensions escalate

Investors stay cautious as recession worries persist

June 1, 2022 12:29
22

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