USDOLLAR before 1.32% increase...

FX:USDOLLAR   Dow Jones FXCM Dollar Index
I had to change the previous analysis. Because the circumstances have changed. Based on the current ATR data, I expect another rise in the exchange rate. The type and size of the wave structure may be similar to a previous (yellow rectangle ) structure. The ratio of its price movement to the ATR is similar to the current wave structure. Therefore, the target price for the currently rising exchange rate may be around 12415.
I agree. The US Dollar strength in the index holds many surprises, partly because on the daily time frame it has been scalloping. In times of economic uncertainty - being he 'new liquid gold' - it will be in demand. Leaving aside silly things like the Mueller pump/dump, there are bigger issues facing global economies as outlined by the IMF. My estimate - consistent with your - is that US dollar is likely to rise. That does not mean that people should simpley short pairs with /USD
meszaros Captain_Walker
@Captain_Walker, I agree with this opinion. I'm waiting for an area of 1.0990-1.1000. I do not expect panic-like movement, but due to the increased ATR, the fall of EURUSD will accelerate. You've described the fundamental environment perfectly. Thanks for.
+1 Reply
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