Category: USD

USD Daily Review for November 27, 2019 Canadian Dollar Outlook: Is USD/CAD Headed for a Reversal Lower? USD/CAD has enjoyed a remarkable rally throughout November but is nearing longstanding technical resist which has worked to stall previous rallies. Does this mean USD/CAD is due for a reversal lower?   Gold Price Forecast: XAUUSD Grinds at Support, Will Bulls React? Gold prices have been pulling back for three months now. Have bulls thrown in the towel, or are they waiting in the wings for another topside push?   NZD/USD: A top…

USD Daily Review for November 26, 2019 Canadian Dollar Price Outlook: USD/CAD Bulls Push – Resistance Awaits The November rally has continued in USD/CAD as price action nears a test of an imposing zone of resistance levels. Can USD/CAD bulls prevail?   GBP/USD Outperforms, EUR/USD Tests Support, AUD/USD Eyes RBA QE Talk – US Market Open GBP/USD Outperforms, EUR/USD Tests Support, AUD/USD Eyes RBA QE Talk – US Market Open   USD/CAD Technical Analysis: Greenback battling with the 1.3300 handle near the November highs The loonie on the daily chart…

USD Daily Review for November 25, 2019 Weekly US Dollar Forecast: Front-Loaded Week Due to Thanksgiving The coming week is shortened due to the holiday; all of the meaningful US economic data and speeches by Federal Reserve policymakers are due between Monday and Wednesday.   Australian Dollar Looks to US-China Trade Headlines, RBA’s Lowe The Australian Dollar faces a lack of heavyweight domestic data which, unfortunately for traders, will leave the unpredictable trade story in the driving seat.   USD Price Outlook: US Dollar Trading Ranges & Implied Volatility Expected…

USD Daily Review for November 22, 2019 Canadian Dollar Outlook: USD/CAD Stretch to Monthly Highs at Risk The Canadian Dollar may be ready to mount a counter-offensive as the US Dollar rally tests uptrend resistance. Here are the levels that matter on the USD/CAD charts.   EUR/USD Fails at Resistance, USD/CAD Eyes BoC – US Market Open EUR/USD Fails at Resistance, USD/CAD Eyes BoC – US Market Open   US Dollar Technical Outlook: GBP/USD, AUD/USD, USD/CAD The US Dollar has been relatively quiet so far this week. But potential for…

USD Daily Review for November 21, 2019 Silver Price Forecast: XAGUSD May Fall Further Despite Risk Aversion The price of silver has slipped in the last two months after peaking on September 4 and a further decline in ETF holdings could suggest XAGUSD is headed lower still unless risk aversion spikes furt…   AUD/USD, GBP/USD Present Two Different Ways to Approach the US Dollar Break or bend in the USD, there’s a major pair for either scenario with short setups in AUD/USD to go along with bullish scenarios in GBP/USD.…

USD Daily Review for November 20, 2019 Canadian Dollar Forecast: USD/CAD, CAD/JPY, NZD/CAD Levels The Canadian Dollar will look to endure upcoming economic data in the days ahead, but a strong story throughout may be required to right the sinking ship that is the Loonie.   Sterling Technical Analysis: GBP/USD Softens, Support in Sight The British Pound continues to carry an overtone of strength, but an imposing level of resistance sits overhead in GBP/USD.   GBP/USD Upside Capped, CAD Volatility Plummets – US Market Open GBP/USD Upside Capped, CAD Volatility…

USD Daily Review for November 19, 2019 Canadian Dollar Outlook: USD/CAD Rally Stalls Under Weekly Resistance The Dollar is up more-than 1.2% against Loonie with price now testing the first major resistance hurdle. Here are the levels that matter on the USD/CAD weekly charts.   Japanese Yen Outlook: USD/JPY Drive Higher Stalls at Resistance Recent US Dollar strength has seen USD/JPY drive higher. Now, the pair is approaching the 200DMA and horizontal resistance which it will have to surmount before continuing higher.   Sterling Technical Analysis: GBP/USD, GBP/JPY Face Key…

USD Daily Review for November 18, 2019 Dow Charges to Record While Dollar, Gold, Oil, FX Majors Embrace Ranges We are heading into a new trading week with some extreme divergence in benchmark assets. On the one hand, we have the Dow leading US indices to record highs as the VIX remains crushed to extreme lo…   Gold Price Outlook: XAU/USD May Rise on FOMC Minutes, Trade War Gold prices may be given a tailwind from the FOMC minutes and escalating trade war risks if they fuel demand for anti-fiat…