cyrex

cyrex

The Dollar weakened against every single G10 currency on Thursday after terrible US economic data fuelled concerns over the health of the largest economy in the world. The US Dollar has been making sharp moves as the only market trading in the green in the current economic crisis. On the US Dollar Index ( DXY ), the greenback has been living up to its name by...

cyrex Updated 

Hi traders, after coming back from a nice 200 pip profit from the previous GBPJPY trade I'm looking for another 390 PIPS to the upside even tough the main trend is down. I've bought from the 23.6 fib as seen on the chart above and I'll long it until 61.8 to see how it reacts to the resistance line , a break of that would most likely mean that the bulls are...

cyrex Updated 

My bias for this pair is short since it's in an overall downtrend at the moment and a rejection of the 61.8 fib would confirm further downside, however a break of the 144 resistance with trendline break would turn my bias bullish as illustrated on the chart. I'll be waiting to see how it reacts to the 61.8 fib , in the bigger picture I'm expecting a...