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

Dollar keeps bleeding as bearish correction continues

May 23, 2022 06:27
Russian ruble licks wounds at all-time lows

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
Equity markets mixed ahead of the weekend

Markets struggle for direction as worries persist

June 30, 2022 04:15
Dollar lacks upside momentum due to lower Treasury yields

Greenback continues to outperform its rivals

June 29, 2022 05:31
Stocks retain bullish bias, capping dollar’s recovery

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
Dollar lacks upside momentum due to lower Treasury yields

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
Geopolitics pushes global markets south, dollar bulls back in the game

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
Dollar lacks upside momentum due to lower Treasury yields

USD slightly on the defensive to start the week

June 27, 2022 06:04
Markets struggle for direction, dollar steady after gains

Stock market rally continues, pressuring the dollar

June 27, 2022 04:50
Dollar lacks upside momentum due to lower Treasury yields

Dollar resumes the downside, looks choppy

June 24, 2022 06:22
Risk sentiment looks mixed, dollar retreats marginally

Equities in positive territory ahead of the weekend, dollar lags

June 24, 2022 05:13
Stocks making recovery attempts, markets remain unstable

Markets indecisive as recession fears persist

June 23, 2022 09:11
Dollar lacks upside momentum due to lower Treasury yields

USD regains bullish bias, volatility ebbs somehow

June 23, 2022 08:44
  • Terms & Сonditions
  • Contact
Friday, July 1, 2022
FWNews - pulse of the forex market
  • FUNDAMENTALS
    Equity markets mixed ahead of the weekend

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

    Geopolitics pushes global markets south, dollar bulls back in the game

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

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

    Markets struggle for direction as worries persist

    Stocks retain bullish bias, capping dollar’s recovery

    Risk demand wanes across the markets, dollar edges higher

    Geopolitics pushes global markets south, dollar bulls back in the game

    Stocks retain bullish bias, capping dollar’s recovery

    Markets struggle for direction, dollar steady after gains

    Stock market rally continues, pressuring the dollar

    Risk sentiment looks mixed, dollar retreats marginally

    Equities in positive territory ahead of the weekend, dollar lags

    Stocks making recovery attempts, markets remain unstable

    Markets indecisive as recession fears persist

    Global stocks in recovery mode but still cautious

    Global stocks back under pressure after short-lived relief rally

    Equity markets mixed, focus shifts to Blinken-Lavrov meeting

    Markets enjoy recovery but risks persist

    Global stocks struggle after a bearish week

    Markets relatively steady to start the week

  • 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 bleeding as bearish correction continues

Dollar keeps bleeding as bearish correction continues

by Joseph Deen
May 23, 2022 06:27
in Technical analysis
0
Dollar lacks upside momentum due to lower Treasury yields

Failure to hold above the ascending 20-week SMA would imply that USDJPY has probably peaked already

EURUSD

As risk sentiment keeps improving, the safe-haven dollar continues its retreat at the start of the week. The USD index failed to regain the 103.00 figure, shedding nearly 0.5% in early European trading hours, with technicals pointing further retracement after last week’s losses. The index was last seen changing hands around 102.20, threatening the 102.00 figure. Against this backdrop, the common currency advanced to one-month highs around 1.0680 in early European trading hours and was last seen clinging to the upper end of the extended trading range, suggesting the EURUSD pair could see fresh local highs in the near term. The immediate target now arrives at 1.0700. However, as the financial markets remain nervous and unstable, EURUSD could lose the upside momentum and reverse recent gains should risk aversion reemerge.

GBPUSD

GBPUSD has been advancing north for the third session in a row on Monday. The pair climbed exceeded the 1.2500 barrier and was last seen threatening the 1.2600 mark for the first time since May 5. Should this level give up in the near term, the cable may challenge this month’s highs around 1.2640. On the four-hour charts, however, the RSI is about to enter the overbought territory, suggesting the upside potential could be limited from here. On the positive side, the pound has settled above the key moving averages, retaining the bullish bias for the time being. On the downside, the immediate support now arrives at 1.2530. followed by the 1.2500 handle and the 1.2465 zone where the 20-DMA arrives. In a wider picture, GBPUSD stays within a broader downtrend after a plunge to two-year lows around 1.2155 earlier this month.

USDJPY

USDJPY is back under pressure on Monday as the dollar stays on the defensive across the board. The pair is holding slightly above the 127.00 mark that represents the key support in the immediate term, as failure at this level would pave the way towards the 125.80 area. On the hourly timeframes, the buck got back below the 20-SMA, with the RSI pointing slightly lower, suggesting the path of least resistance remains to the downside for the time being. The near-term outlook remains downbeat as long as the pair stays below the 20-DMA, today at 129.20. Should the prices regain this moving average, the 130.00 mark will come back into the market focus. On the downside, failure to hold above the ascending 20-week SMA would imply that USDJPY has probably peaked already.

USDCHF

USDCHF resumed the decline after a short-lived pause witnessed on Friday. The pair failed to preserve the upside bias to extend losses to a one-month low of 0.9667 and was last seen clinging to the lower end of the trading range. The next bearish target now arrives at 0.9625, followed by the 0.9600 mark. In a wider picture, the market focus is shifting gradually towards the ascending 100-DMA, today at 0.9380. The pair may have peaked at the 1.0000 psychological level earlier this month, especially as this figure is strengthened by the descending 200-monthy SMA. USDCHF was last seen changing hands around the mentioned low, losing 0.80% on the day. In case of a bounce, the immediate upside target could be expected in the 0.9670-0.9660 zone. However, the path of least resistance in the near term remains to the downside.

Tags: DollarEURUSDGBPUSDUSDUSDCHFUSDJPY
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

Russian ruble licks wounds at all-time lows
Technical analysis

Dollar demand intensifies, with month-end flows in focus

June 30, 2022 06:42
15
Equity markets mixed ahead of the weekend
Fundamental analysis

Markets struggle for direction as worries persist

June 30, 2022 04:15
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Greenback continues to outperform its rivals

June 29, 2022 05:31
15
Stocks retain bullish bias, capping dollar’s recovery
Fundamental analysis

Risk demand wanes across the markets, dollar edges higher

June 29, 2022 04:49
17
Dollar lacks upside momentum due to lower Treasury yields
Technical analysis

Dollar stays downbeat, but bearish potential remains limited

June 28, 2022 06:15
18
Geopolitics pushes global markets south, dollar bulls back in the game
Fundamental analysis

Stocks retain bullish bias, capping dollar’s recovery

June 28, 2022 04:38
19

Leave Your Opinion Cancel reply

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

Recommended

U.S. President Donald Trump arrives to speak during a visit at the Ford Rawsonville Components Plant, which is making ventilators and medical supplies, during the coronavirus disease (COVID-19) pandemic in Ypsilanti, Michigan, U.S.

Trump visits Ford plant in politically crucial Michigan, leaves mask off for cameras

May 22, 2020 10:53
14

Federal Reserve Board modifies Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations

July 17, 2020 02:02
10
Stocks mixed in muted trading at the start of the week

Global stocks, bonds a sea of red

January 19, 2022 05:08
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