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

Dollar rallies across the market, back at long-term tops

April 22, 2022 08:07
Dollar lacks upside momentum due to lower Treasury yields

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
Global stocks in recovery mode but still cautious

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
Dollar lacks upside momentum due to lower Treasury yields

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
Markets digest the inflation shock, dollar enjoys the rally

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
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
  • Terms & Сonditions
  • Contact
Wednesday, May 25, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    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

  • TECHNICALS
  • Interest Rates
  • Economic calendar
  • Backstage
No Result
View All Result
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Global stocks in recovery mode but still cautious

    Stocks back under pressure after short-lived relief rally

    Markets digest the inflation shock, dollar enjoys the rally

    Dollar sags as investor sentiment keeps improving

    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

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

Home » Dollar rallies across the market, back at long-term tops

Dollar rallies across the market, back at long-term tops

by Joseph Deen
April 22, 2022 08:07
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

USD bulls continue to dominate the market after a short-lived retreat

EURUSD

Risk aversion coupled with the renewed rally in US Treasury yields helped the dollar regain the upside momentum after a short-lived dip below the 100.00 mark. On Friday, the USD index advanced towards the 101.00 figure, refreshing long-term highs after Powell’s message as the Fed’ Governor said it is appropriate to be moving more quickly and front-end loading.  Against this backdrop, EURUSD slipped to 1.0790 and could threaten the 1.0760 key support that has been capping losses so far. As of writing, the pair was changing hands around 1.0800, staying on the defensive. On the weekly timeframes, however, the common currency little changed. In the immediate term, the path of least resistance is to the downside, as USD bulls continue to dominate the market after a short-lived retreat.

GBPUSD

Earlier in the week, GBPUSD failed to overcome the descending 20-DMA that has been capping gains for nearly a month already. As USD bulls reemerged, the pair plunged abruptly on Friday to refresh November 2020 lows around 1.2860. The technical picture has deteriorated further after the cable failed to hold above 1.2900. Of note, the daily RSI is pointing south but is yet to enter the oversold territory, suggesting there is room for even deeper losses in the near term. On the other hand, the cable has reached a significant support zone that could trigger a bounce ahead of the weekend. In this scenario, GBPUSD could trim intraday losses, but the 1.3000 mark will likely continue to act as resistance at this stage. On the weekly timeframes, the pair is now well below the 200-SMA, adding to a bearish technical picture. 

USDJPY

USDJPY is back on the offensive after a short-lived and modest downside correction witnessed earlier in the week. The pair came off fresh twenty-year highs seen around 129.40, but managed to hold above 127.00 during the correction and regained the upside bias eventually. During the European session on Friday, the dollar is flirting with the 128.50 region, refraining from revisiting the 129.00 mark, followed by the 130.00 next major target for USD bulls. On the four-hour charts, USDJPY is flirting with the ascending 20-SMA while the RSI struggles for direction, suggesting the pair lacks the bullish impetus to get back to the mentioned highs at this stage. On the downside, the immediate support arrives at 127.70, followed by 127.40 while this week’s lows lie around 126.20.

BTCUSD

Bitcoin climbed to local highs around $43,000 before retreating abruptly amid profit-taking to finish lower on Thursday. In the process, the BTCUSD pair derailed both the 20- and the 100-DMAs, staying on the defensive today. Earlier in the day, the coin briefly dipped below $40,000 before bouncing slightly. In the near term, BTCUSD needs to hold above the $40,000 mark in order to regain the mentioned moving averages. Otherwise, a deeper retreat could be witnessed before a solid bounce take place. On the downside, the $39,100 region represents the immediate support followed by mid-March lows seen around $38,500 at the start of the week. Should the coin recover above $41,000, the $43,000 figure will come back into the market focus. On the weekly charts, the BTCUSD pair looks flat ahead of the weekend trading.  

Tags: BITCOINBTCUSDDollarEURUSDfedGBPUSDUSUSDUSDJPY
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

Greenback trims losses, but stays offered nearly across the board

May 24, 2022 06:12
12
Global stocks in recovery mode but still cautious
Fundamental analysis

Stocks back under pressure after short-lived relief rally

May 24, 2022 04:42
15
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
12
Markets digest the inflation shock, dollar enjoys the rally
Fundamental analysis

Dollar sags as investor sentiment keeps improving

May 23, 2022 05:09
15
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
13
Investor sentiment looks neutral at the start of the week
Fundamental analysis

Modest bounce after sell-off ahead of the weekend

May 20, 2022 04:51
15

Leave Your Opinion Cancel reply

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

Recommended

Euro struggles below three-month highs, yen demand persists

Euro lacks the upside impetus for a breakout

April 30, 2020 09:56
20
Markets shrug off rising US inflation

Global investors cheer Fed decision, dollar recovers

November 4, 2021 11:18
13
Pound corrects higher due to dollar weakness

Dollar licks its wounds after a sell-off

February 8, 2021 07:12
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 © 2020 FWNews

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

Copyright © 2020 FWNews