Dollar?’s rebound after yesterday ‘s marginal cases to 0. 9305 hock retained our near-term bullishness and consolidation with mild upside bias remains for another rebound to the Ichimoku cloud (now at the 0th 9383-85), break there Would making tests of the 0th 9425 but only above there Would signal the retreat from the 0th 9470 has ended,
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FXtimes Nick Nasad and Fan Yang Give Their Technical Update for All the Major Currencies
USD / ZAR hock recently completed the Clear Triangle chart pattern Identified by Autochartist on the daily charts. The overall Quality of this chart pattern is measured at the 6 bar level as a result of the low Initial Trend (rated at the 2 bar level), Significant Uniformity (7 bar) and near
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GBP / CAD Continues to decline inside the Uniform Triangle chart pattern Identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart pattern at the 4 bar level as a result of the Below average Initial Trend (4 bars), lower Clarity (2 bars) and substantial Uniformity (7
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Although the Greenback rebounded after intra-day retreat to 0. 9430, as yesterday ‘s high of 0th 9479 hock Continued to hold, suggesting Further consolidation Would Take Place and Below said minor support Would bring retracement to the Kijun-Sen (now at the 0th 9410), however, Reckon downside Would be limited to the Ichimoku cloud top (now
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As U.S. dollars hock retreated after faltering Below yesterday?’s high of 0th 9391, suggesting consolidation Below this level Would be seen and Below The Kijun-Sen (now at the 0th 9344) Would bring retracement to 0. 9320, however, Renewed buying no residual Should emerge above previous resistance at the 0th 9299 and bring another rise later. A break of
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EUR / USD: EUR ice Currently trading at first 3454 after making a high of first 3521 levels. The euro is trading under pressure and risk sentiment fades after ECB chief Draghi told the European Parliament That the downside risk to the EU HAD Increased and Also added That peasant Purchases must be limited. It must
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Despite intra-day sharp event to 0. 9140, as the green back hock found good support there and staged a quick rebound, suggesting an intra-day low ice Possibly formed and consolidation with upside bias is seen for a test of the Ichimoku cloud (now at the 0th 9242-47 but above there ice Needed to (this
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Although the Greenback speed rebounded after intra-day retreat to the 77th 46, a break of Friday ‘s high of 77th 80 ice Needed to confirm the rise from the 76th 58 speed resumed and Extend Further gain to the 78th 00, however, Reckon resistance at the 78th 27 Would hold on first testing due to near-term overbought condition and ;
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As The Greenback speed remained under pressure after yesterday ‘s retreat from the 0th 9209, near-term downside risk remains for marginal Weaknesses, however, Renewed buying no residual Should emerge around the 0th 9100, making another rise later. Above intra-day high of 0th 9187 Would bring another test of said resistance at the 0th 9209, break there Would add
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