Welcome everyone for another trading idea!
Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs:
There is a lot of selling pressure on the US DOLLAR.
Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also other pairs like the AUDUSD or NZDUSD are gaining strength.
Looking at these fundamentals and also the technical point of view i see the dollar in a huge correction the next weeks or maybe months.
In my last dollar trading setup, which i linked below, we discussed the peak high and other technical tools for the DXY.
The markets will open soon again and im wishing everyone of you guys a great trading week!
Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs:
There is a lot of selling pressure on the US DOLLAR.
Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also other pairs like the AUDUSD or NZDUSD are gaining strength.
Looking at these fundamentals and also the technical point of view i see the dollar in a huge correction the next weeks or maybe months.
In my last dollar trading setup, which i linked below, we discussed the peak high and other technical tools for the DXY.
The markets will open soon again and im wishing everyone of you guys a great trading week!
Comment:
Price did bounce from the trend line for now! Lets see if it holds that high and breaks down. Tomorrow Rate Decision.
Comment:
Price is again on the bullish trend line. Lets see if it can hold.. i think it will not!
Comment:
Bye Dollar haha! Funny some people really thought it will even go higher.
