You are seeing this page because we have detected unauthorized activity. USD extends its recovery from the lows and challenges 1. The ECB will reportedly have a live debate on QE exit in its June 14th meeting. Earlier, the urban forex navin johnson was supported on concerns about Trump’s trade plans to split NAFTA and other measures.
USD pair failed to reclaim the 1. 3400 level for a second consecutive day on positive UK data, now turning south on search for safety. USD pair managed to rise back above 0. 7590 and then rebounded rising to 0. It is down 40 pips for the day, on the back of a stronger US Dollar. The greenback is among the strongest currencies rising particularly against emerging market and commodity currencies. 60, slightly down on the day.
Trump’s plan to split NAFTA weigh on the US Dollar and trigger safe-haven flows into the yen. Earlier, the ISM Non-Manufacturing PMI came out above expectations at 58. USD Technical Analysis: Aussie currently supported in the 0. United States 4-Week Bill Auction increased to 1. JPY Technical Analysis: Greenback bulls looking for a breakout above 109. CAD spikes up to multi-month highs above 1. US Dollar pushes higher around 94.
Bitcoin price is continuously being overwhelmed by selling pressure since the beginning of trading this week. 7,500 during the session on Monday. Ripple price is forming a short-term falling wedge pattern. This also means that an upside breakout is expected in the near-term. Tuesday, as price attempts to recover the soft past couple of sessions.
Cooling in pricing seen on both Sunday and Monday, was not too surprising given the large jump observed last week. There is a weak bullish trend in progress on the chart. On the contrary, bearish pressure is still looming, moreover, the indicators show the prevalence of selling pressure in the near-term. The US non-manufacturing PMI is expected to rise to 57. Deutsche Bundesbank President Jens Weidmann is scheduled to speaks on “Reforms for a stable monetary union” in Brussels at 17:30 GMT. USD bulls need to overcome 1. USD bearish trend to continue at least for one more week.
USD pair is down for a sixth consecutive week, and as it has been happening lately, is not about the dollar, but about the common currency. The Pound managed to stabilize and got off the lows. But where will it go next? The Technical Confluences Indicator shows that the pair faces a very dense cluster of resistance lines around 1. This is the confluence of the Bolinger Band one-hour-Middle, the Simple Moving Average 50-1h, the SMA 200-15m, the Fibonacci 38.
SMA 100-15m, the Bolinger Band one-hour-Middle, the Fibonacci 23. SMA 10 one day, and the SMA 5-4h. If the pair does overcome this dense cluster, the next cap is at 1. 3429 which is the convergence of the all-important Fibonacci 38. USDCAD POC Bounce Zone Is 1.