Strength Archive

  • Daily Report: Dollar Building Strength to Extend Rebound

    Daily Report: Dollar Building Strength to Extend Rebound

    Dollar is gathering some strength in early European session and is set to extend this week’s recovery against major currencies. Yen is also following after China stocks slumped -1.5% on comments from China Banking Regulatory Commission that banks should "strictly implement" curbs on loans to...

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  • USDJPY: Strength Builds On Hammer Triggered Recovery

    USDJPY: Strength Builds On Hammer Triggered Recovery

    A follow-through rally on the back of its Wednesday hammer triggered recovery saw USDJPY breaking above its May 06′10 low at 88.23 on Thursday. This development has opened the door for further recovery higher towards the back of its violated rising trendline at 89.40. A...

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  • EURUSD: Strength To Aim At The 1.2671 Level

    EURUSD: Strength To Aim At The 1.2671 Level

    Having conquered the 1.2466 level, its Jun 21′10 high following its Thursday rally and Friday strength, the stage is now set for a run at its major resistance residing at the 1.2671 level, its May 21′10 high. A clean break and hold above there will...

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  • USD/JPY Support to be Tested by Yen Strength

    USD/JPY Support to be Tested by Yen Strength

    The USD/JPY was projected to go to the 88.30 level in the beginning of June. After an engulfing pattern, the daily RSI showed a negative reversal (When the RSI made a higher high, but the price action did not). The 88.30 is a swing projection,...

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  • AUDUSD: Corrective Strength Set To Break The 0.8550 Level

    AUDUSD: Corrective Strength Set To Break The 0.8550 Level

    With a higher weekly close wiping out its previous week gains the past week to close at 0.8499, risk of a recapture of its May 28′10 high at 0.8550 continues to shape. The implications of this break is that it will confirm a bottom (built...

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  • USD Attracts Investors As Japanese Yen Looses Strength

    USD Attracts Investors As Japanese Yen Looses Strength

    The dollar traded near a four-year high versus the euro before a report forecast to show that U.S. payrolls grew the most in May since 1983, indicating the recovery in the world’s largest economy is gaining traction. The greenback rose to the most in more...

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  • USDJPY: Corrective Strength To Target The 91.86 level And Beyond

    USDJPY: Corrective Strength To Target The 91.86 level And Beyond

    After reversing its intra day weakness to close flat on Tuesday, USDJPY has started Wednesday trading session on a bid tone rallying to target further higher prices. A convincing break and hold above the 91.86 level, its May 20′10 high is required to trigger further...

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