- Technically, I have identified 3 major resistance that the price may test however the overall trend will be a sell.
The Gross Domestic Product (GDP) @ 26 Apr 2019 12:30 GMT may also push the dollar down.
I would suggest you use a stop loss which should be the next resistance level if the market doesn't go down.
- Fundamentally, there are 4 major news next week which will greatly affect the dollar, however the (Fed) Interest Rate Decision @1 May 2019 18:00 GMT carries the most weight. As the rate is likely going to be unchanged, the price of dollar is likely going to fall.
*Consumer Confidence Index, 30 Apr 2019 14:00 GMT
*Nonfarm Employment Change, 1 May 2019 12:15 GMT
*Manufacturing Purchasing Managers Index (PMI),1 May 2019 14:00 GMT
*(Fed) Interest Rate Decision, 1 May 2019 18:00 GMT
Happy Trading
The Gross Domestic Product (GDP) @ 26 Apr 2019 12:30 GMT may also push the dollar down.
I would suggest you use a stop loss which should be the next resistance level if the market doesn't go down.
- Fundamentally, there are 4 major news next week which will greatly affect the dollar, however the (Fed) Interest Rate Decision @1 May 2019 18:00 GMT carries the most weight. As the rate is likely going to be unchanged, the price of dollar is likely going to fall.
*Consumer Confidence Index, 30 Apr 2019 14:00 GMT
*Nonfarm Employment Change, 1 May 2019 12:15 GMT
*Manufacturing Purchasing Managers Index (PMI),1 May 2019 14:00 GMT
*(Fed) Interest Rate Decision, 1 May 2019 18:00 GMT
Happy Trading
Trade active:
Hopefully it gets to our target
Trade closed: target reached:
Happy trading :)