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USD Daily Review May 9, 2018

USD Daily Review for May 9, 2018

US Dollar Pulls Back from 2018 Highs: Price Action Strategy

The US Dollar rally has continued up to fresh 2018 highs, and with a bit of a pullback during today’s US session, setups open-up on


USDJPY: Trades Off of 110 Resistance Level With Mixed Bias

The combination of current sentiment and recent changes gives us a further mixed USDJPY trading bias.


AUD/USD Rate Eyes 2017-Low as RSI Dips Back Into Oversold Territory

The AUD/USD rate stands at risk of making a run at the 2017-low (0.7329) as the bearish momentum from earlier this year appears to be


Dollar Bulls Large and In-Charge as USD Drives to Fresh 2018 Highs

The US Dollar rally is continuing to run-up to fresh highs without any clear signs of stopping. The calendar is fairly clean until tomorrow’s RBNZ


US Dollar Pulls Back from 2018 Highs: Price Action Strategy

The article accompanying this webinar can be found at the following link:…


EUR/USD and GBP/USD Forecast May 9, 2018

The EUR/USD pair broke down significantly on Tuesday again, breaking down below the 1.19 handle, and reaching below the 1.1850 level at one point during the …


USD/JPY and AUD/USD Forecast May 9, 2018

The US dollar initially tried to rally against the Japanese yen during trading on Tuesday, but we have seen selling pressure before, and we sought again duri…


A Break Below Support Gives Way to a EUR/USD Short Trade Setup

With fundamental event risk now behind us and key support broken, an order has been placed to enter short EUR/USD at 1.18837. At the time


NZD/USD May Rise to Options-Derived Resistance on RBNZ

The New Zealand Dollar may temporarily rise on the upcoming RBNZ rate decision before coming back down on the US CPI report. Downside momentum in


NZD/USD Short Of Fundamental Support, Could Head Lower

The New Zealand Dollar continues to slide against the greenback and could be set to retrace all gains made since late 2017


AUD/USD Technical Analysis: Down Move May Accelerate

The Australian Dollar looks vulnerable to deeper losses against its US counterpart after prices breached support near the 0.75 figure.


Dollar Continues its Slow Advance Despite Iran Deal and China Trade Problems

President Trump pulled the US out of the Iran nuclear deal, but the real trouble is for global risk trends and the Dollar rather than


Japanese Yen, Aussie Dollar Fall on Firming Fed Rate Hike Outlook

The Yen and the Aussie Dollar fell as speculation about incoming Fed rate hikes hurt high- and low-yielding US Dollar alternatives alike.


Dollar soars as euro weighed by Italy’s political woes

The dollar soared higher against the euro on Wednesday as the prospects of political turmoil in Italy piled pressure on the common currency. The greenback stabilized after wavering following US President Donald Trump’s decision to exit a nuclear deal with Iran.


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