Dollar Index after hitting major resistance zone of 78.75-79.30 ranges sold off to currently trade at 78.00 ranges. Dollar Index may correct to 77.00 ranges and later towards 76.20. Only weekly close below 76.20 results in reinitiating...
Market review for 19 – 23. 09, 2011
Dollar Index is nearing resistance zone of 78.75-79.30 ranges; most of the asset classes especially the precious metals after the parabolic bull run sold off during whole week ; though double dip depression in the is still...
The Aussie has been one of the main victims of the shift towards risk aversion on the market. The market has broken back below parity like a knife through butter…
The pair finally managed to overcome the strong parity resistance. This confirmed breakout opens the door to further gains towards 1,08 (monthly bollinger band).
The pair has confirmed a strong bullish bounce with a break above 90,00. We expect a continuation of the bullish trend over the middle term.
The pair continues to consolidate on top of the key 76,00 level despite the strong Dollar which confirms a relative strengh of the Yen.
The break below 1,57 has accelerated the downside move towards the 1,5350 support from the end of december 2010 which is now being tested.
The pair is now evolving in a clear bearish trend after a confirmation of the break below 1,38.
USD/CAD climbed again on Friday as traders sold oil markets off in large amounts. The oil trade is directly related to the USD/CAD trade, and such we expect the CAD to gain in value as oil rises,...
