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gold is testing very strong resistance at 1640.00 Following the previous day's dramatic turnaround from the post-US CPI the US dollar makes a solid comeback from a fresh weekly low and exerts downward pressure on the dollar-denominated gold.
Prediction from Martch 23.03.22 I expect DXY to move in the range of 98.560-98.350 The American dollar edged lower against most major rivals on Tuesday, except against the Japanese yen, with USD/JPY soaring to 121.02, its highest since February 2016. The greenback advanced during the Asian session, following the lead of soaring US government bond yields after Fed...
Prediction for March 21, 2022 I expect the dxy to move in the range of 98.200-98.000 - US DOLLAR INDEX EXTENDS LOSSES TO TEST TWO-WEEK LOWS AT 97.80 DXY accelerates its reversal from the 99.30 area to test two-week lows at 97.80. The USD drops across the board after Fed's monetary policy decision. Upbeat employment and construction data have failed to cheer USD...
The EUR/USD is holding onto daily gains, facing resistance at 1.1000, not only a round number, but also where the 20-Simple Moving Average stands in four-hour charts. A recovery above should add support to the euro, exposing the next resistance at 1.1035. Above the following resistance levels might be seen at 1.1070 and 1.1095. If the pair fails to recover 1.1000...
The British pound falls vs. the US Dollar on broad US dollar strength amid a risk-off market sentiment. UK’s upbeat economic data and BoE rate hike bets expectations faltered to support the GBP. GBP/USD Technical Outlook: Downward biased, as bears eye 1.2850. The British pound heads into the weekend, set to record losses as Wall Street’s bell signals the end of a...
I see the EUR weakening to the 1.06 level in the coming weeks, while a ramp-up in Russian aggression and signs of depressed growth in the bloc (possibly a recession ahead) could see the EUR aim for the ~1.0350 low of early 2017 now eur usd is at 1.09080 goal- 1.08650
break from one triangle follows a drop on gbp usd the duration of the strong dollar against other currencies extends the chart will go to low volumes