Tag Archives: KLCI

This year so far, AUD/USD remains in a downtrend but a hammer and morning star warns prices may rise in the near-term next, perhaps testing the February descending trend line.

The USDJPY pair has recently lacked significant technical conviction, but some may be building toward the downside.

Having spent nearly the entire week forming a plateau, the Dollar closed this past Friday with its biggest daily drop in nearly a month. Has the high time frame reversal in favor of the Greenback hit the skids or is this just a pause?

For the risk-leaning markets – carry, equities, etc – a late week recovery short-circuited yet another threat of broader reversal. However, the Dollar did not share in the recovery effort. It is trend versus reversal in a market pocked by volatility but lacking liquidity.