July 2024

FOREX Dollar Index holds above 104 while Euro needs to sustain above 1.08, else can trigger a fall towards 1.0750-1.0700. USDJPY and EURJPY have slipped sharply to their respective supports around 152 and 164 respectively ahead of the BOJ policy meeting today. USDCNY has slipped below the support of 7.25 and if it does not Read More

FOREX Dollar Index strengthened yesterday and needs to sustain above 104.50 to rise towards 105. Euro on the other hand has come down towards 1.08. A break below 1.08, can trigger a fall towards 1.0750-1.0700. While the pairs USDCNY, USDJPY and EURJPY sustain above 7.25, 152 and 164 respectively, the outlook continues to remain bullish Read More

FOREX Dollar Index may remain above 104 to target 105 while EURUSD has interim resistance at 1.0870/80, below which the pair can possibly test 1.08 soon. The pairs USDCNY, USDJPY and EURJPY have recovered well from the lows of 7.2193, 151.93, and 164.83 and the outlook appears bullish in the near term while the respective Read More

FOREX Dollar Index tested 104.02 yesterday but has currently recovered back from the low. It still needs to rise past 104.50 to negate a fall below 104. EURUSD has an interim resistance at 1.0870/80, a break past which can take it higher towards 1.09/0950. Yen and Yuan strengthened against Dollar significantly as the pairs USDCNY, Read More

FOREX Dollar Index tested 104.02 yesterday but has currently recovered back from the low. It still needs to rise past 104.50 to negate a fall below 104. EURUSD has an interim resistance at 1.0870/80, a break past which can take it higher towards 1.09/0950. Yen and Yuan strengthened against Dollar significantly as the pairs USDCNY, Read More

FOREX Weaker New Home Sales data and strengthening of Yen led Dollar Index to fall and failure to rise past 104.50 can extend the fall further to 104-103.50. EURUSD has support at 1.0810-1.0800 which might be tested before a bounce back can be seen from there. USDJPY and EURJPY are headed down towards 152 and Read More

FOREX Dollar Index may rise towards 105 while EURUSD could fall towards 1.08. USDJPY and EURJPY appears to be bearish towards 152 and 168-166 respectively. USDCNY can soon test 7.28 in the near term before topping out. The Aussie and Pound, if continues to fall further, can test 0.6550-0.6500 and 1.2850/28 on the downside. USDINR Read More

FOREX Dollar Index has to rise past 104.50 to establish near term bullishness or else they could fall back. USDJPY and EURJPY have fallen, failing to break above 158 and 172 and looks likely to fall further from here. USDCNY can soon test 7.28 in the near term before topping out. The Aussie continues to Read More

FOREX Dollar Index, USDJPY and EURJPY have to rise past 104.50, 158 and 172 to establish near term bullishness or else they could fall back. USDCNY can soon test 7.28 in the near term before topping out. Aussie and Pound have declined a bit and any break below current levels, if seen, can take it Read More

FOREX US Philifed Index came out stronger than market expectations, taking Dollar Index above 104. Euro on the other hand slipped sharply below 1.09. USDJPY and EURJPY have recovered well above their respective supports of 157-156 and 171/170.50 but still needs to see a strong rise past current levels to turn bullish in the coming Read More