Блог Сообщества Dukascopy

Отсортировано по тагам:  Weekly Resistance 1
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EURo in demand

The Dollar weakened across the board yesterday as post-NFP losses were reversed on most major pairs. The biggest winner was the Euro, which rose 190 pips from the open, with the daily range of more than 220 pips.
The pair continued to gain overnight, but it stalled ahead of the trendline drawn off June/July 2014, December 2014 and May/June 2015 peaks. Above that, a confluence of Weekly Resistance 1 (1.1366), Monthly Resistance 1 (1.1366), Daily Resistance 1 (1.1371) and Previous Week High (1.138…
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Dollar wins out

It was a funny day full of whipsaws in most pairs and quite a lot of action for a Monday. In the end it all resolved to the Dollar strength after ISM Manufacturing PMI came out at 52.8 vs. 51.9 expected and 51.5 previous.
USD/JPY made a new 13-year high and is currently approaching Daily Resistance 3 just below the big 125.00 level. It will likely be some selling around there, but the quick stop run up to Weekly Resistance 1 at 125.25 is not excluded.
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Cable continues uptrend

Cable is continuing its post-election (and pre-election) rally and has just broken above February high and 38.2% retracement of the July 2014 to April 2015 decline. Looking at momentum on any timeframe, it'd be difficult to say that this is the top.
Next layer of resistance is seen in 1.5600 - 1.5610 band (1.56 level, Daily Resistance 2, Weekly resistance 1) before 200 DMA just below 1.5650.
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EURo continues higher

Following yesterday's bounce from previous (1.0450 - 1.1050) range high, Euro was bid for the most of Asian session and came into European session on its highs. Despite positive data and few attempts to the upside, it went sideways until weaker than expected ADP Non-Farm Employment Change sent it through resistance in 1.1275 - 1.1300 band.
1.1380 - 1.1410 is the next strong layer of resistance: Weekly Resistance 1 (1.1383), 1.14 level, Daily Resistance 3 (1.1407). On the downside, 1.13 level sha…
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The Dollar weakens again

After weaker than expected US Markit Services PMI, the Dollar is selling-off across the board. The Aussie is one of the pairs that appears to be benefiting the most out of it.
The pair broke April 17th high near 0.7840 and if it manages to hold above there, the next cluster of resistance (Weekly Resistance 1, Daily Resistance 2, 100 DMA, 0.79 level) is not far ahead at 0.7880 - 0.7900. Busting that would open up the door to the March 24 high (0.7835) and then 0.80 level.
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Cable testing 1.50

There was almost no pullback following last Friday's outsized NFP moves, which may signal that the market is eager to get on board of potential broader USD pullback. Cable traded up to Daily Resistance 1 and stalled 15-20 pips ahead of Weekly Resistance 1 and big 1.50 level. Tomorrow's Services PMI may push it through, if it comes out better than expected.
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