Fundamental Review
The Greenback knocked down the Euro to the lowest level after 17 months
The tensions about the Italian budget after got rejected by the EU commission last week has made the Greenback knocked the Euro to its lowest level in 17 months. Italy has until this Tuesday to resubmit a fiscal plan that complies with EU rules, the failure to do so,...
GBP gloomy on Brexit anxiety while US Dollar flying high on Hawkish Federal Statement
The bears emboldened and continued to give pressure to the bulls upon Brexit negotiations and it created anxiety to the markets where Cable continues being sold over the weekend. There are plenty of news waiting this week and it might give a little air to breathe to the Cable....
As mentioned from the last post, a resistance level has reached.
USD will go weak for a certain time till it reaches next support level. Shown approximately on the graph.
After approximate 77 days, it came to a second time in trying to break its resistance at 97.00.
Will have to look at the Candlestick how it goes during that time.
There is a possibility with a fundamental may assist or holds it from breaking its resistance or holds it down into a bearish trend.
Since the end of July, EURUSD has broke the support line of the final SL for a long position. A short position should be placed after that has happened.
Right now, if the trend could continue to bearish and break the next support line, the bearish trend will continue.
Support Line - 1.128500
If it happen to break this line, a short position can persist its...
In the monthly chart we can see from the last three lower shadow that it is giving out a signal that the there is a strong support level in this area of not going further down trend
1.14700 is a strong support level from what we can see from the K line, and if positions near here got breakthrough, a further long position should not be continued.
If the trend is...
The US Index has been going up the past few months and has finally given out its resistance level signal of 2-3 upper shadow lines shown on the graph.
Over the past 2 weeks it has been consolidate in a range between approximately 94.60 to 95.50. The longer it consolidates, once it breaks through either resistance or support level, the further it will go in that...
