The Dollar Index(DXY) reached new lows last week.
Following the new low a few major currencies soared bullishly(AUDUSD, NZDUSD, GBPUSD, and EURUSD) creating new highs which can be of great benefit to major currency pair traders this month.
Going into the week the dollar could pullback to 105.750 before decreasing again creating a new low.
This could be a trend trading play for short-term swing traders the next couple of weeks.
Currencies To Watch
Australian Dollar/United States Dollar(AUDUSD), New Zealand Dollar/United States Dollar(NZDUSD), Great Britain Pound/United States Dollar(GBPUSD), European Euro/United States Dollar(EURUSD) if price pulls back for continued buys.
A bearish long-term sell-off of $13.50 could become a 2023 target.
Welp, my trading friends, I hope you enjoyed the analysis. Follow me for updates and more.
Safe trading this week.
Shaquan
Following the new low a few major currencies soared bullishly(AUDUSD, NZDUSD, GBPUSD, and EURUSD) creating new highs which can be of great benefit to major currency pair traders this month.
Going into the week the dollar could pullback to 105.750 before decreasing again creating a new low.
This could be a trend trading play for short-term swing traders the next couple of weeks.
Currencies To Watch
Australian Dollar/United States Dollar(AUDUSD), New Zealand Dollar/United States Dollar(NZDUSD), Great Britain Pound/United States Dollar(GBPUSD), European Euro/United States Dollar(EURUSD) if price pulls back for continued buys.
A bearish long-term sell-off of $13.50 could become a 2023 target.
Welp, my trading friends, I hope you enjoyed the analysis. Follow me for updates and more.
Safe trading this week.
Shaquan