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Global Forex Summary

Global Forex Summary

DOLLAR INDEX - Team NTD has almost achieved its first target of 93$ which was given on 8th may 2015 weekly report making low of 93.16$ on 14th may 2015. Index has bounced last week from first target level of 93$ for its upside capped level of 96.80/97.60 $ as given in same report.
Team NTD dont see much upside from these levels as upside in index is capped at 96.80/97.60$ as mentioned in same weekly report.
Again with a high alert we are continue with our next level of 88$ once index will start trading below 93$ with limited upside.

Global View US Dollar Index

USDJPY - Index has slowly inching upwards after taking support at 119$ levels with huge negative divergence on daily charts which suggests upside is capped on upper levels at 122.50$. Team NTD dont see much upside in index as on other side DOLLAR INDEX is also having upside capped which will make an impact on USDJPY restricting further upside.

Global View USDJPY

EURUSD - EURUSD also retraced almost 50% after achieving its first target of 1.14. Pair has strong support at 1.0880/1.0885 levels from where we expect bounce up to 1.12 levels which will again start its upward journey to 1.16 levels in near term.

Global View EURUSD

{May 25,2015}

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