Financebroker

WCUUSD short view - pressure on the dollar

Short
FX_IDC:WCUUSD   WORLD CURRENCY UNIT / U.S. DOLLAR
WCUUSD is a chart that is based on the dollar and can be a good indicator for us together with the dollar index and the next trend of the US currency. Since February 2023, WTUUSD has been in a bullish channel with pullbacks up to 61.8% Fibonacci levels. After that, we see a new bullish consolidation and extension to the -0.272% Fibonacci level, and in that zone in the previous two cases, we encounter resistance. The previous time was on Thursday; since then, WCUUSD has been on a new retreat. Once again, our main target is the 61.8% level, where the dollar could get the next support before a new bullish consolidation.

𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
www.FinanceBrokerage.com
t.me/NFT_crypto_news_trading_signals
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.