Market buyer lose its interest on collecting Dollar. Expecting money outflow from dollar is begin. BTC may see some net inflow on following weeks.
With dollar buying frenzy slowing down and finally Gold price reach weekly support level (MA200). Time to collect gold?
After a sharp fall of EUR value against USD, EURUSD price reached a demand zone at 1.06366. Shorting would be becoming risky trade. Predict Consolidate price zone: 1.04067 - 1.08341
In this year, DXY consolidates between 99.130 and 105.360 level for 9 months. Hawkish monetary policy boost DXY price with strong upside momentum. Would DXY reach further higher-high ahead? R- 105.360
Although BTC may at affordable price for Hodler, chart analyzed that market was exhausting to support its price, BTC price looking to fall to 20000 level next week before September FED meeting take part. R2- 30000 R1- 28185 S1- 24748 S2- 20000
(Weekly compare) +70 pips ✅ EU looking to reach 1.6326 level and September FOMC meeting is around the corner, predict EU price would stay constant between 1.6326 and 1.8341 R- 1.8341 S1- 1.6326 S2- 1.5141 S3- 1.4067
(Weekly compare) +125 pips ✅ GU reached weekly strong support 1.24457 and September FOMC meeting is around the corner, predict GU price would stay constant between 1.24457 and 1.25913 R- 1.25913 S1- 1.24457 S2- 1.23122
Although with weak US job report announced this week, DXY managed to sustain above 103 level with strong buying interest. R- 105.498
Head & Shoulder chart patterns occurred in EU daily chart, forecasting EU would reach next lower low ahead.
Although with weak US job report announced this week, DXY managed to sustain above 103 level. Head & Shoulder chart patterns occurred in GU daily chart, forecasting GU would reach next lower low ahead.
DXY stands firmly above 103 level, and expecting to rise further. Furthermore, with weak JPY momentum, expecting USDJPY back to 151.000 level. S1- 145.730 S2- 145.000
With BOJ ultra loose monetary policy, JPY value looking to depreciate overtime in long term. Recently, with the news of Fukushima radioactive water release into the Pacific Ocean announced by Japanese government believe would be impact Yen, and making JXY value expect to fall as faster than expected.
DXY stand firmly above 103 level, however pullback to below 104 level this week. Expecting DXY would reach 105.50 level soon with current strong dollar buying momentum. However, DXY price may pullback to 103 support level next week.
We foresee CHF would continue to shine brightly against JPY. However, with recent market sentiment, the momentum in shorting JPY is getting weak. CFTC report showing that shorting volume on JPY is on the decline since 18JUL. Shorting JPY become a risky trade when the outlook is turning from strong sell to neutral. CHFJPY next retracement level at S1-...
(Daily chart) DXY broke and closed above MA200 resistance level. Despite short term pullback may exist next week and make DXY fall below 103 support level, we foresee market buyer willing to collect and supporting its price to above 103.
JXY index fall tremendously last week, greater than our expectation. Indicating weak buying sentiment at JXY previous support level at 69.00. However, although we're expecting JXY will hit further lows in long term, next week may have a small bull(short term bullish outlook) on JPY against other currencies.
After EURJPY breaking through strong resistance at 158.000, foresee market would agree its price continue breaking higher highs. However, JXY seems to have pull back next week, buyer would start collecting Yen at JXY support price, expecting EURJPY would fall to below 158.000 zone in short term. 170.000 next?
DXY face challenge to break through 103.000 resistance level, GOLD price foresee to take a breath next week from being short by market seller. S- 1893.34 R1-1910.93 R2-1937.61