EUR/USD drops like a rock at the time of writing as the Dollar Index rallies. As you already know from my previous analyses, we have a strong negative correlation between the DXY and EUR/USD. The index invalidated a larger downside movement signaling an upside continuation. DXY’s further …
Gold Temporary Retreat!
The price of gold dropped in the short term after registering an amazing rally. It is traded at 1797.40 at the time of writing, far below the 1814.30 Friday’s high. The correction could be only a temporary one, the rate could find demand soon. Gold rallied after the FOMC and after higher inflation …
USD/JPY Falling Wedge Breakout!
The USD/JPY pair moves somehow sideways in the short term, that’s why we need strong confirmation before taking action. Technically, it’s trapped within a Falling Wedge pattern, a valid breakout could activate an important movement. The USD appreciated in the short term as the Dollar Index has …
