US$: maybe next week will define next move?

The US$ last week bounced up from the support of the key 100 level and bottom of the daily Ichimoku Cloud. It remains above the recent Low but below its recent High in behaviour so …
0 Comments Read more →

US$ still teetering post Trump Inauguration

The US$ is still teetering following the Trump inauguration; it is trading below its recent high near 103.50 but is holding above recent support. Traders need to see either a clos …
0 Comments Read more →

US$: doin’ a Trump trudge?

The US$ closed lower for the week but is still holding above a recent support trend line and has yet to break the upward pattern of higher Highs and higher Lows. This trudge-like b …
0 Comments Read more →

US$: an ok NFP but a ‘down’ week

The US$ recovered on Friday following a NFP print that was deemed reasonable considering the increased wages component despite a setback in employment numbers. However, the inde …
0 Comments Read more →

USD index: tide hasn’t turned….yet

Lots of traders are looking for signs of weakness with the USD index and for a possible reversal. Whilst I’m one of these, apart from a general lack of momentum which isn’t to …
0 Comments Read more →

US$ stalls after the FOMC run

The US$ index has stalled at the 103 whole-number level following the boost it got with FOMC’s hawkish rhetoric. The EURX closed lower for the week but, only marginally so, and i …
0 Comments Read more →

US$: will the monthly chart’s Bull Flag develop?

The US$ index closed lower for the week but, none the less, it has triggered a Bull Flag breakout on the monthly chart so watch to see if this 100 level can hold and underpin this …
0 Comments Read more →

USDX & EURX: both print ‘indecision’ style weekly candles!

The US$ has been in focus since the US Presidential Election but it might be usurped in the coming week given the looming Italian Referendum. Both FX indices have printed ‘indeci …
0 Comments Read more →

US$ prints first weekly close above 100 in 12 months

The US$ index has printed its first weekly candle close above 100 in almost a year. Aristotle reminds us though that ‘One swallow does not a summer maketh‘ and, as well, the la …
0 Comments Read more →

US$ and FX: a quick catch up

This is just a brief post about how I am seeing the major FX pairs shape up as the new normal, post US President Election, tries to set in. I’m feeling a bit disconnected from th …
0 Comments Read more →