FOREX Major currency pairs briefly broke key levels before reversing, leaving the near-term trend unclear. We will need to wait for clearer price action to confirm the next move. DXY fell after Trump downplayed the dollar’s decline. It needs to hold above 96 to rebound towards 98, else risks slipping to 94. Watch out for Read More
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FOREX The DXY fell sharply on speculation of coordinated US-Japan intervention to support the Yen. Our targets have gotten revised on major currencies due to this unexpected volatility. The Dollar Index dropped to 96.80 before rebounding and, while above 96, can attempt to rise further. EURUSD and EURINR have extended gains but face resistance near Read More
FOREX The Dollar Index has slightly inched lower but while it sustains above 98, the view remains intact to see a rise back towards 99.50 and higher. EURUSD & EURINR have risen further but the upside looks capped at 1.1750-1.1800 & 108-108.50 respectively. EURJPY & USDJPY can head towards 187-188 & 160-162 levels respectively in Read More
FOREX The Dollar Index has slightly inched lower but while it sustains above 98, the view remains intact to see a rise back towards 99.50 and higher. EURUSD & EURINR have risen further but the upside looks capped at 1.1750-1.1800 & 108-108.50 respectively. EURJPY & USDJPY can head towards 187-188 & 160-162 levels respectively in Read More
FOREX The Dollar Index has slightly inched lower but while it sustains above 98, the view remains intact to see a rise back towards 99.50 and higher. EURUSD & EURINR have risen further but the upside looks capped at 1.1750-1.1800 & 108-108.50 respectively. EURJPY & USDJPY can head towards 187-188 & 160-162 levels respectively in Read More
FOREX The Dollar Index can attempt to rise back towards 99.50 and above while it sustains above 98. EURUSD has a scope to fall toward 1.165-1.160 in the coming sessions while it trades below 1.17. EURINR can trade within 108-106/105 region for some time. EURJPY & USDJPY can head towards 187-188 & 160-162 levels respectively Read More
FOREX The Dollar Index fell to 98.246 before recovering from there. While above 98, the DXY can attempt to rise back towards 99 and above. EURUSD moved above 1.17 but faces immediate resistance at 1.1770-1.1800 which can cap the upside for now. EURINR can test 107 soon. Thereafter, whether it extends the rise further or Read More
FOREX The Dollar Index declined yesterday amid rising tensions between US and Europe over President Donald Trump’s proposal to purchase Greenland. The Dollar Index is stuck within 99.50-99.00 region. The targets of 100.00-100.50 levels are kept open for now. EURUSD faces immediate resistance between 1.1650-1.1700 region. EURINR is trading higher within 104.50-106.00 range. EURJPY & Read More
FOREX The Dollar Index is moving within 99.00-99.50 region. The targets of 100.00-100.50 levels are kept open for now. EURUSD can fall towards 1.155-1.150 in the near term. EURINR can trade within 104.50-105.50-106.00 region. EURJPY & USDJPY can attempt to bounce back towards 184/186 & 160-162 levels while they trade above 183 & 157.50 respectively. Read More
FOREX The Dollar Index is rising gradually and view remain intact to see a rise toward 100.00-100.50 levels. EURUSD can fall towards 1.155 in the near term. EURINR can trade within 105.50-104.50 region. EURJPY & USDJPY have scope to rise towards 186/187 & 160-162 levels respectively in the near term. USDCNY can fall towards 6.95-6.90 Read More