After violating the bullish wedge, dollar index could possible rally to 98 before meeting any resistance which could pull the price downward to re-test some other support levels.
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
DXY UPDATE For Weekly forecast 20th - 25th Jan 2020
- DXY Hit my First target and has done a healthy pullback after trump speech to my buy zone at 97.4.
- Eye on Dollar index as high risk as its moving positively with pairs it usually moves negative with, will not be using as confluence for other USD pairs.
All Analysis was sent on sunday!
dx reach top of downtrend channel formed after breakout of red wegde. I hope this top will hold for a moment and we continue forming corective wave B which should move dx down and price should jump again inside purple wegde and hit bottom of this wegde where we should finish this wave B, then we can finally start forming last corrective wave C ( DX up) and reach...
so looking at this now if we break below this strong area then gold will start to move but looking at this price action now if we wait and retest this zone and the back of that downtrend acting as support along side with other factors then we will see gold drop and the dollar rally up to around 98.55 area but i like i said if we break then gold could start its...
DXY Weekly forecast 20th - 25th Jan 2020
- Dollar index has not been showing much movement but did do a minor pullback as expected.
- During the beginning of the year markets are usually in a corrective structure so this type of movement is expected.
- After the first quarter it will be much clearer as to what continuations of the markets will be over the year....
this is now at a really strong area a key level in price i said we would get back to this level now do we reject or break above and gain strength ? interesting but this pattern does show more for a bullish move up but this can always drop out so stay neutral and wait for the first move to be confirmed
hi guys and girls so looking across the board going in to next week this is looking really good at the moment but please stay open and neutral this is just what i see and think at this current time but please leave a comment and let me know what you guys think
have a great weekend :)