February 2024

FOREX The Dollar Index is headed towards the upper end of its range of 104-105 while Euro has held below 1.08 and is coming down within the 1.08-1.07 range. EURJPY is holding well below its resistance of 162 and could see a near term fall to 161 soon. While USDJPY is moving towards the upper Read More

FOREX The Dollar Index could move within the range of 105-104 for some time before eventually breaking lower. Meanwhile, Euro is rising well but needs to break past 1.08 to further test 1.085 on the upside. EURJPY is hovering below its resistance of 162 and USDJPY continues to move within the range of 151-149. USDCNY Read More

FOREX Most currencies remain within a range and continue so for the next few sessions. The Dollar Index can trade within 105-104 region while Euro could trade within 1.07-1.08/1.0850. EURJPY and USDJPY look bullish to 162 and 151 respectively from where a rejection is possible in the medium term. Aussie can trade within 0.6550-0.64 while Read More

FOREX Most currencies remain within a range and continue so for the next few sessions. The Dollar Index can trade within 105-104 region while Euro could trade within 1.07-1.08/1.0850. EURJPY and USDJPY look bullish to 162 and 151 respectively from where a rejection is possible in the medium term. Aussie can trade within 0.6550-0.64 while Read More

FOREX The Dollar Index tested 105 as expected and could now be bearish towards 104 in the near term. Meanwhile, Euro had dipped slightly below our expected level of 1.07 before rising back. EURJPY and USDJPY can fall while below the resistance at 162 and 151-152 respectively. Aussie has risen well on testing its support Read More

FOREX The Dollar Index rose sharply to head towards resistance at 105 post US CPI release of 3.11% (Y/Y), lower than the revised Dec-23 figure of 3.32%. Meanwhile, Euro could soon test support at 1.07 before rising back. EURJPY and USDJPY look bullish to 162 and 151-152 respectively if the current rise must sustain. Aussie Read More

FOREX The Dollar Index is moving towards the upper end of its range of 103.90-104.60 but is bearish while below 105. Meanwhile, Euro has broken below its support near 1.077 and could be bearish to 1.07 now. EURJPY could witness a fall to 160-159, while it trades below 161. USDJPY looks a bit indecisive for Read More

FOREX The Dollar Index is moving within the range of 104.60-103.90 but there could be scope for a test of 103.50. Meanwhile Euro is trading near the upper end of its 1.0750-1.08 range and could have scope to test 1.0850. EURJPY trades above 161 and can test 162 before pausing while USDJPY needs to sustain Read More

FOREX The Dollar Index is moving within a very narrow range of 104.60-103.90. Meanwhile Euro has become a bit uncertain due to its lesser volatility, questioning as to whether a rise to 1.08-1.085 will happen or not. However, we may consider a narrow range of 1.0750-1.08 to hold for now. EURJPY is near our mentioned Read More

FOREX The Dollar Index is moving within a very narrow range of 104.60-103.90. Meanwhile Euro has become a bit uncertain due to its lesser volatility, questioning as to whether a rise to 1.08-1.085 will happen or not. However, we may consider a narrow range of 1.0750-1.08 to hold for now. EURJPY is near our mentioned Read More