Overbought US Dollar (USD) rally could extend above 155.00 before pausing; the next resistance at 156.00 is unlikely to be tested. In the longer run, spike in momentum suggests USD could continue to rise, possibly to 156.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
24-HOUR VIEW: “We noted yesterday that ‘the outlook is unclear’, and we expected USD to ‘trade in a broad range of 151.20/153.35.’ We did not anticipate the ensuing rally that sent it skyrocketing to 154.70. While severely overbought, the rally in USD could extend above 155.00 before pausing. The next resistance at 156.00 is unlikely to be tested. To keep the momentum going, USD must remain above 153.50, with minor support at 154.00.”
1-3 WEEKS VIEW: “Our most recent update was from last Friday (01 Nov, spot at 152.05), wherein ‘The USD advance from early last month has ended.’ We indicated that ‘downward momentum is beginning to build, but USD has to break and remain below 151.05 before a more sustained decline can be expected.’ After edging to a low of 151.27 early yesterday, USD jumped and broke above our ‘strong resistance’ level of 153.35. It surged further to 154.70. Given the spike in momentum, USD could continue to rise, possibly to 156.00. On the downside, should USD break below 152.50 (‘strong support’ level), it would mean that the current upward pressure has eased.”
© 2000-2024. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.