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USD Daily Review January 8, 2019

USD Daily Review for January 8, 2019

USDJPY: Traders Remain Net-Long

Recent changes in sentiment warn that the current USDJPY price trend may soon reverse higher despite the fact traders remain net-long.


GBPUSD: Traders Remain Net-Long

Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.


EUR/USD Net ShortTraders May Push Prices Higher

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bullish contrarian trading


Near-term Trade Setups in USD/CAD and AUD/USD

An update on near-term trade setups we’ve been tracking in USD/CAD and AUD/USD. These are the targets and invalidation levels that matter this week.


S&P 500 Kisses Trend Line, USDJPY May Have Started Multi-Year Rally

Though SP 500 has rallied, it has merely reached the underside of a broken trend line. The spike low on USDJPY may initiate a multi-year


US Dollar Threatens Two-Month Lows as EUR/USD Tests Key Resistance

The US Dollar is fast-approaching the two month low, but the big question for this week is whether US equity bulls can hold the line


CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY

CAD Technical Analysis Overview: USDCAD, EURCAD, CADJPY


USD/TRY continues to oscillate around the 55-day MA – Commerzbank

Analysts at Commerzbank, points out that the USD/TRY pair remains in range-bound above the 2018-19 support line and above the 200 day moving average a


USD/MXN heads for the lowest close since October below 19.40

The Mexican peso continued to rise on Monday against the US dollar and hit the highest level since late October, supported by an improvement in risk a


NZD/USD: Bears squeezed until key confluence level around R1

NZD/USD bears have been squeezed again due to continued weakness in the greenback following the dovish rhetoric that Powell delivered on Friday and a


USD/CAD: Crude oil plays a more significant role – NBF

According to National Bank of Canada analyst Krishen Rangasamy, the influence of crude oil prices in the Loonie has risen while the impact of interest


USD/CAD extends decline, touches lowest level since early December below 1.3280

After breaking below the 1.33 mark, the USD/CAD pair continued to edge lower in the NA session and dropped to its lowest level since December 7 at 1.3


AUD/USD: Bulls eye the 38.2% fibo ahead of 200-day SMA at 0.7339

AUD/USD has continued its recovery from last week’s the flash crash, initially picking up a bid due to profit taking and bargain hunting, looking for


EUR/USD rises to 1.1470 as the US Dollar retreats

The EUR/USD rose further during the American session and printed a fresh daily at 1.1471, reaching the strongest since January 2. Price remains near t


USD/CAD drops to multi-week lows near 1.33 as oil recovery gathers momentum

After spending the first half of the day in a relatively tight range near 1.3350, the USD/CAD pair came under a renewed pressure in the last hour and


GBP/USD: Stretching higher above 38.2% Fibo, bulls eye 2018-2019 resistance line at 1.2829

GBP/USD has been given a leg up despite the pending risks associated with whether the meaningful vote, held in The Commons later this month whereby PM


USD/JPY turns flat near 108.50 as markets ignore disappointing PMI data

The USD/JPY extended its rebound in the NA session and was last seen flat on the day at 108.50. Earlier in the day, the pair tested the 108 handle but


Dollar Tree shares rise after activist investor takes a stake, makes nominations for the board

Dollar Tree Inc. DLTR, +5.46% shares rose 3.2% in Monday premarket trading after Starboard Value LP announced its nominations for the retailer’s board


Weekly Trade Levels for DXY, EUR/USD, AUD/USD, Gold, Crude & More…


AUD/USD 2019 Open Range Raises Risk for Larger Flash-Crash Rebound

The opening range for 2019 raises the risk for a larger rebound in AUD/USD as both price and the RSI break out of the bearish


GBP/USD: Brexit headlines sending the pound to fresh highs in thin trade

GBP/USD outperformed so far this week, recovering from last week’s flash crash low to find territory back towards the 1.28 handle, some 300 pips highe


USD/JPY and AUD/USD Forecast January 8, 2018

The US dollar initially fell during the trading session on Monday but turned around of form a bit of a hammer. It looks as if we are going to bounce from the…


EUR/USD Technical Analysis: Choppy Range Belies Bearish Bias

The Euro has been mired in a choppy range below 1.15 against the US Dollar for nearly two months but overall positioning still points to


USD/BRL Bearish Reversal Pattern on Edge of Confirmation

USD/BRL looks to be on the verge of completing a bearish Head and Shoulders reversal pattern. Waiting for a daily close below the neckline range


AUD/USD Dips on Trade Balance, Eyes Stocks and US-China Talks

AUD/USD declined on dismal trade balance data for November, but prices may rebound on an upbeat market mood and renewed US-China trade talks.


USD/JPY Intermarket Analysis: US-Japan 10-yr yield spread hits 9-month low

USD/JPY’s corrective bounce to 109.00 could be short-lived as the yield differential continues to slide in favor of the Japanese yen. The spread betw


EUR/USD: 100-day MA is proving a tough nut to crack

The EUR/USD pair is currently trading at 1.1438, having faced rejection above the 100-day MA of 1.1370 in Asia. Notably, the pair has failed four tim


USD/INR Technical Analysis: bears trapped on the wrong side of the market

USD/INR’s move above 70.00 has trapped the bears on the wrong side of the market. The pair clocked a high of 70.07 earlier today and is now trading at


NZD/USD Technical Analysis: chipping away at the 200-HMA hurdle

The NZD/USD pair is struggling to clear the 200-hour moving average (HMA) hurdle, having rallied more than 150 pips in the last six days. Hourly char


USD/JPY retreats from session highs, focus is on the 10-year treasury yield

The USD/JPY pair is currently trading at 108.56, having clocked a high of 108.77 earlier today. Notably, the pair has pulled back from the session hi


Gold: $1,300 break remains elusive despite the weak tone in the US dollar

Gold bulls may have run out of steam, having engineered a $100 rally in the last seven weeks. The yellow metal failed to cross the psychological hurd


NZD/USD slipping the 0.6750 level early as downside pressure builds early

NZD/USD is testing lower in early Tuesday action, challenging the sub-0.6750 zone as the pair looks set to extend a peaking pattern from Monday’s high


EURUSD, S&P 500, Oil – A Principle Reversal Ingredient

I am a fan of H&S patterns and certain elements are more important to identifying such a setup’s success than oth


EUR/USD comes under pressure near 1.1430, session lows

The selling pressure around the European currency appears to have re-emerged today, forcing EUR/USD to give away part of the recent up move to the 1.1


GBP/USD: Well placed to tackle downtrend – Commerzbank

Karen Jones, analyst at Commerzbank, explains that the GBP/USD last week sold off to and recovered from a 5 month support line, today located at 1.243


GBP/USD Technical Analysis: Looking for an upside break, but 1.2800 stands in the way

GBP/USD, 15-Minute The Sterling is testing into a significant turnaround zone from the 1.2800 zone, and exaggerated moves from last week are bre


Technical Outlook for the USD Index, EUR/USD, Gold Price & More

The DXY is rolling over and with it the Euro is on the verge of a breakout, gold extended but to maintain a bid with


EUR/USD Long-term Volatility Chart Suggests a Big Move is Coming

For a year volatility of volatility has been contracting, suggesting the Euro is about to go on the move in the not-too-distant future.


Technical Forecast for Gold; US Dollar Leans on Important Support

Gold continues to baulk at the $1,300/oz. level and may move back towards Fibonacci retracement before attempting to make the next leg higher.


USDCAD Price Tumbling as Canadian Dollar Benefits From Rising Oil Prices

The Canadian Dollar price is rebounding strongly on higher oil prices and talk that the Bank of Canada may hint this week at still higher


EURUSD Analysis: Crucial Support in Focus, Germany at Risk of Recession

EURUSD Analysis: Crucial Support in Focus, Germany at Risk of Recession


USD/JPY halts the up move around 109.00, trade in focus

The upside momentum in yields of the US 10-year note helped USD/JPY to clinch fresh 4-day highs in levels just above 109.00 the figure during early tr


Technical Outlook for the USD Index, EUR/USD, Gold Price & More

The DXY is rolling over and with it the Euro is on the verge of a breakout, gold extended but to maintain a bid with the help of slope support and the Dollar…


Have a nice trading!

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