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

Greenback bounces as investor optimism wanes

March 18, 2022 09:17
Dollar lacks upside momentum due to lower Treasury yields

USD bulls remain on the offensive across the market

August 19, 2022 09:53
Stocks erase gains as cautious tone persists in the markets

Markets mixed amid persisting global uncertainty

August 19, 2022 09:43
Dollar lacks upside momentum due to lower Treasury yields

Buying pressure keeps building surrounding the US dollar

August 18, 2022 08:47
Risk demand prevails after FOMC minutes

Stocks trend lower after FOMC minutes

August 18, 2022 08:37
Dollar lacks upside momentum due to lower Treasury yields

US dollar maintains bullish trajectory

August 17, 2022 07:08
Global stocks retreat after a plunge on Wall Street

Global stocks mixed-to-higher, investors stay cautious

August 17, 2022 06:56
Dollar lacks upside momentum due to lower Treasury yields

USD demand persists across the market

August 16, 2022 06:49
Euro rises despite а stronger dollar

Risk mood turns more measured, euro threatens parity again

August 16, 2022 06:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar buoyed at the start of the week

August 15, 2022 05:39
Investors stay nervous as tensions escalate

Investors start the week on a cautious note

August 15, 2022 05:25
Dollar lacks upside momentum due to lower Treasury yields

Dollar tries to shrug off selling pressure

August 12, 2022 09:58
Equity markets mixed ahead of the weekend

Markets struggle for direction ahead of the weekend

August 12, 2022 09:42
  • Terms & Сonditions
  • Contact
Saturday, August 20, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks erase gains as cautious tone persists in the markets

    Markets mixed amid persisting global uncertainty

    Risk demand prevails after FOMC minutes

    Stocks trend lower after FOMC minutes

    Global stocks retreat after a plunge on Wall Street

    Global stocks mixed-to-higher, investors stay cautious

    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Stocks erase gains as cautious tone persists in the markets

    Markets mixed amid persisting global uncertainty

    Risk demand prevails after FOMC minutes

    Stocks trend lower after FOMC minutes

    Global stocks retreat after a plunge on Wall Street

    Global stocks mixed-to-higher, investors stay cautious

    Euro rises despite а stronger dollar

    Risk mood turns more measured, euro threatens parity again

    Investors stay nervous as tensions escalate

    Investors start the week on a cautious note

    Equity markets mixed ahead of the weekend

    Markets struggle for direction ahead of the weekend

    Stocks climb marginally, pressuring the greenback

    Investors welcome cooling inflation, dollar sags

    Yellen failed to spook global markets

    Risk-off tone dominates global markets

    Stocks making recovery attempts, markets remain unstable

    Stock markets little changed amid cautious trades

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

Home » Greenback bounces as investor optimism wanes

Greenback bounces as investor optimism wanes

by Joseph Deen
March 18, 2022 09:17
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

Should the 1.1050 region give up, the euro will retarget the 1.1000 figure as risk demand keeps abating, adding to dollar’s recovery momentum

EURUSD

The dollar turned green following four days of losses. The USD index bounced from local lows around 97.75 to regain the 98.00 figure on Friday. It looks like the greenback could add to gains later in the day as risk-on tone continues to abate. EURUSD is now back below the descending 20-DMA while still holding above the 1.1000 figure, finishing the week with solid gains due to a major retreat in the buck. The common currency was last seen changing hands around 1.1055, threatening the 1.1050 immediate support. Should this zone give up, the pair will retarget the 1.1000 figure as risk demand keeps abating, adding to dollar’s recovery momentum. On the hourly charts, the euro is stuck between the key moving averages while the RSI looks directionless, painting a neutral technical picture.

GBPUSD

The cable briefly jumped above 1.3200 on Thursday but failed to preserve the upside momentum and retreated back to the flat-line on a daily close. Today, the pair keeps struggling for direction around 1.3140, refraining from a deeper correction despite the resurgent dollar’s strength. On the four-hour timeframes, the technical picture looks neutral at this stage, with the RSI directionless around the 54 figure while the prices are stuck between the 100- and 20-SMAs. Now, the pound needs to regain the 1.3200 mark in order to resume the bounce from November 2020 lows registered around the 1.3000 psychological figure earlier this week. Then, the descending 20-DMA, currently at 1.3260, will come into the market focus. In a wider picture, however, the tone surrounding the sterling remains bearish despite the pair finishing the week in the green territory after three consecutive weeks of solid losses.

USDJPY

USDJPY retains a strong bullish tone, treading water around multi-year highs registered at 119.11 earlier in the week. The pair failed to extend the downside correction on yesterday, jumping back to 119.00 on Friday. It looks like the dollar could refresh long-term tops in the near term, with the daily RSI pointing north despite the overbought conditions. Should the prices exceed the mentioned tops, the pair will target the 120.00 psychological level next. On the downside, the immediate support is represented by the 118.30 zone while the key barrier for dollar bears arrives at 116.20 where the ascending 20-DMA lies. As long as USDJPY stays above this level, the downside potential looks limited. In the immediate term, the pair may confirm a break above the 119.00 level as the overall dollar demand reemerged ahead of the weekend. 

BTCUSD

Following a three-day winning streak, the bitcoin price came back under pressure on Thursday, extending the retreat today. The BTCUSD pair peaked at $41,700 before correcting lower as sellers reemerged following a short-lived rally in the cryptocurrency market. Still, the coin is holding above the $40,000 figure, strengthened by the 20-DMA. Now that bitcoin regained the $40,000 level, it needs to stay afloat in order to confirm the latest breakout. In a bearish scenario, the most popular digital currency could retarget the $37,000 figure that capped the selling pressure earlier this month and in late February. As long as the prices stay above this critical support, the downside potential looks limited. In the immediate term, the technical picture suggests the BTCUSD pair could struggle for direction around $40,000, with the overall tone looking neutral in the shorter-term timeframes.

Tags: BTCUSDDollarEURUSDGBPUSDUSDUSDJPY
Share2Tweet2
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 bulls remain on the offensive across the market

August 19, 2022 09:53
12
Stocks erase gains as cautious tone persists in the markets
Fundamental analysis

Markets mixed amid persisting global uncertainty

August 19, 2022 09:43
14
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Buying pressure keeps building surrounding the US dollar

August 18, 2022 08:47
22
Risk demand prevails after FOMC minutes
Fundamental analysis

Stocks trend lower after FOMC minutes

August 18, 2022 08:37
22
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

US dollar maintains bullish trajectory

August 17, 2022 07:08
24
Global stocks retreat after a plunge on Wall Street
Fundamental analysis

Global stocks mixed-to-higher, investors stay cautious

August 17, 2022 06:56
27

Leave Your Opinion Cancel reply

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

Recommended

Dollar lacks upside momentum due to lower Treasury yields

Dollar stays elevated after aggressive rally

July 6, 2022 06:09
18
Pound corrects higher due to dollar weakness

Dollar regains ground, bullish trend intact

April 6, 2021 07:14
14
A slow start to the week in FX markets

Decline in US dollar accelerates

April 19, 2021 07:43
16

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 © 2022 FWNews

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

Copyright © 2022 FWNews