Lets be Honest the US dollar is Crap right now, the value is Smutt. Let me break down pairs for you, some traders are just trading based on technical analysis.
With a Forex Pairs, theres 2 currencies paired together, It is very important to know which pair is stronger and which is weaker. Lets look at XAUUSD. Question? Which Element do you think is worth more right now, Gold or US Dollar<
Gold Is!!!!! Look at every pair this way, Which currency is stronger between the pair, How can you be sure? Fundamental analysis or a Currency Strenght Meter. Ok enuff Education lol
Gold Will DESTROY the USD for awhile, Why? Its a Pandemic, when the world gets scared, they buy GOLD. True Story
Becareful not to enter now, wait for the pullback, draw your fibonacci retracement, wait for it to bounce off the 38, 50 or 61, Drop down to lower TF to see momentum. GET IN AND RIDE THE WAVE!!!
With a Forex Pairs, theres 2 currencies paired together, It is very important to know which pair is stronger and which is weaker. Lets look at XAUUSD. Question? Which Element do you think is worth more right now, Gold or US Dollar<
Gold Is!!!!! Look at every pair this way, Which currency is stronger between the pair, How can you be sure? Fundamental analysis or a Currency Strenght Meter. Ok enuff Education lol
Gold Will DESTROY the USD for awhile, Why? Its a Pandemic, when the world gets scared, they buy GOLD. True Story
Becareful not to enter now, wait for the pullback, draw your fibonacci retracement, wait for it to bounce off the 38, 50 or 61, Drop down to lower TF to see momentum. GET IN AND RIDE THE WAVE!!!