The EURUSD has finally cracked the multi month range lows and seems to be breaking lower (finally!) to test the 127% extension of the last rally.
The USDSEK is not a currency pair that Forex Analytix commonly follows, but at times it is worth noting.
The US Dollar has given up ground today as the FOMC statement and press conference came off fairly dovish.
The DXY has developed an ascending wedge as we stall near the 50% retracement of the last move lower.
The USD (DXY) has been range bound for months, and mostly this is a product of many cross currents in the markets. Equity market volatility, weakness of fundamental data globally stating to seep in, the FOMC looking to be at the end of their hike cycle, China and US trade war brewing, and the list […]
The US Dollar Index, or DXY, is at triangle support after nearly testing the 61.8% long term retracement the last couple weeks.
The CADJPY has been range bound for about the last 30+ trading days, but broke lower out of the range today.
The USDSEK is not a currency we cover at Forex Analytix, or a currency pair I trade much. However, it does represent a pair I personally follow for a specific reason. Sometimes, the pair can be a leading indicator on what we may see in the broad USD Index.
With Italy frequently dominating the headlines in the recent weeks, it’s a good idea to take a macro look at the Eurozone: its origins, some aspects of its structure, and what dangers it might face in the near future.