Market_Analysis

Scenario Two - Dollar Weakness

FX:USDOLLAR   Dollar Index
48 0 5
Heres our second scenario for the dollar over the next few months, our first scenario showed possible strength with the dollar whereas this is showing weakness, if this trend-line breaks there will be confluence to start selling the dollar, we have a long-term head and shoulders pattern that looks like it could start to form, and we would also have a trend-line break and retracement. First target will be the neckline of the head and shoulders pattern, we'll have to see what price action shows around there as there could be more opportunity to sell the dollar if support doesnt hold and then turns into resistance.
United Kingdom
United States
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out