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USD Daily Review September 9, 2019

USD Daily Review for September 9, 2019

US Dollar Price Outlook: USD Fails at Multi-year Trend Resistance

The US Dollar reversed off long-term slope resistance this week, opening the door for further dollar losses. Here are the levels that matter on the DXY weekly chart.


A GBPUSD and Pound Reversal Whose Run Will Always Depend on Brexit

The British Pound made a significant move to start what could be a wholesale reversal. The technicals from pairs like GBPUSD look very appealing but to ignore the uncertainty from Brexit would be reckless.


Weekly AUDUSD Technical Outlook: Be Wary of the Bounce

Aussie is bouncing hard off multi-year lows, but it may not be trustworthy as the longer-term trend continues to remain firmly down.


Dollar, S&P 500 and Pound Forge Difficult Trends, ECB a Global Event

The most (predictable) systemic theme for the next two weeks will be monetary policy with the ECB Thursday and Fed the Wednesday after


Gold Price Plunges; Can Chart Support Stymie XAUUSD Selloff?

Gold price selling pressure accelerated this past week with XAUUSD now down over 3% from recent highs, but can technical support keep its bullish trend intact moving forward?


Australian Dollar Lifted By Risk Appetite Shift But Still Vulnerable

Last week was a good one for Australian Dollar bulls but, as nothing fundamental has changed, gains must be regarded as fragile.


Canadian Dollar Price Outlook: USD/CAD Bearish Reversal Underway

After weeks of probing resistance, USDCAD has finally posted a bearish reversal and could now look to target support from mid-July around 1.3016.


US Dollar Price Volatility Report: EUR/USD Eyes ECB Next Week

US Dollar currency volatility remains elevated ahead of central bank interest rate decisions and high-impact economic data releases on deck for next week.


Crude Oil Price Stability Gives Room for USD/CAD Selloff – Can it Last?

The Canadian Dollar has been able to take advantage of a weak US Dollar, thanks in part to crude oil prices warding off bearish breakout attempts.


United States CFTC USD NC Net Positions down to $12.3K from previous $68.5K

United States CFTC USD NC Net Positions down to $12.3K from previous $68.5K


EUR/USD technical analysis: Euro ends Friday on the lows, sub-1.1038 level


US Dollar Index technical analysis: DXY ending the week near 98.42 resistance


GBP/USD ends week higher on sharp reversal, more gains ahead?

The GBBP/USD pair bottomed four days ago at 1.1955 and rebounded more than 350 pips, erasing weekly gains and making a strong recovery. Price peaked o


USD/JPY rebounds from daily lows, looks to end week below 107

The USD/JPY pair dropped to a daily low of 106.62 in the early trading hours of the American session after the monthly labour market data published by


EURUSD, EURAUD, Crude Oil & More: Charts for Next Week

There are a few key technical developments that appear worthy of attention as one week concludes and another arrives. #eurusd #euraud #crudeoil -Subscribe to…


USD/JPY and AUD/USD Forecast September 9, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


EUR/USD and GBP/USD Forecast September 9, 2019

For additional up-to-date Forex Trading information: News (, Technical Analysis (…


USD/CAD contained below 1.3220 resistance post Canadian and US jobs data

USD/CAD dropped on Friday, extending the downside from last week’s highs through 1.3380 and reached a low of 1.3158 following Canadian employment that


AUD/USD ignores China trade data, remains above 50-day EMA

AUD/USD shows little reaction to weaker-than-expected China trade surplus, highlighting the US-China trade war, as it takes the bids to 0.6850 early Monday.


NZD/USD seesaws near 3-week high in a search of fresh clues

Having been the top G10 performer on Friday, NZD/USD awaits fresh clues to extend its latest recovery as it takes the rounds to 0.6418 at the start of week.


AUDUSD Rebound Unfazed by Dismal China Trade Balance as PBOC Cuts RRR

The breakout in AUDUSD appears to be unfazed by dismal data prints coming out of China, with the exchange rate preserving the higher highs and lows from last week.


The Singapore Dollar and MAS: What is SGD and How to Trade it?

The Singapore Dollar (SGD) is driven by the Monetary Authority of Singapore, which manages exchange rate instead of short-term interest rates. Learn more on the SGD and how to trade it.


USD/INR technical analysis: 21-day EMA questions short-term support-line break

Despite breaking a month-old support-line, USD/INR fails to slip below the 21-day exponential moving average (EMA).


EUR/USD: Quiet ahead of German trade data

EUR/USD is sidelined around the 10-day moving average (MA) of 1.1027, having failed to close above that MA line in the last two trading days. The Germ


NZD/USD technical analysis: Weekly close is pivotal

The NZD/USD pair is currently trading at 0.6426, having hit a high of 0.6437 a few minutes before press time. The pair has eked out gains in the last


USD/JPY technical analysis: Doji on D1, failure to cross 50-DMA increase the odds of a pullback

With its repeated failures to cross 50-day simple moving average (DMA) and a Doji candle on Friday, USD/JPY is likely witnessing pullbacks.


AUD/USD pops and drops after Aussie Home Loans data

AUD/USD has witnessed a two-way business in the last few minutes. The currency pair picked up a bid around 0.6842 at 01:30 GMT, possibly on the back o


EUR/USD technical analysis: 1.1085 is the level to beat for the bulls

Sign of seller exhaustion have emerged on EUR/USD’s weekly chart, however, a break above the last week’s high of 1.1085 is needed to confirm a bullish


USD/IDR technical analysis: Sellers await further declines below 12-week old support-line

Even after breaking an upward sloping trend-line since mid-June on Friday, the USD/IDR pair refrains from further declines.


US Dollar Index regains traction and tests 98.40

The greenback, in terms of the US Dollar Index (DXY), has started the week on a positive note and is hovering around the 98.40/50 region ahead of the


AUD/USD extends rally to fresh multi-week highs near 0.69

Despite the uninspiring trade data from China, the AUD/USD pair preserved its bullish momentum and is now building on last week’s gains. As of writing


EUR/USD Technical Analysis: Further upside should meet the 1.1075/84 band

EUR/USD Overview Today last price 1.1032 Today Daily Change 27 Today Daily Change % 0.03 Today daily open 1.1029 Trends Daily SMA20 1.1078 Daily SMA5


USD/CAD technical analysis: Remains vulnerable near 1-month lows, just above mid-1.3100s

The USD/CAD pair now seems to have entered a bearish consolidation phase and was seen oscillating in a narrow trading band just above mid-1.3100s, or


US Dollar Index Technical Analysis: Rebounds from the support line at 98.00

Dollar Index Spot Overview Today last price 98.33 Today Daily Change 21 Today Daily Change % -0.09 Today daily open 98.42 Trends Daily SMA20 98.26 Da


Have a nice trading!

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