I know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it...
WEEKLY CHART Weekly close is a quite significant rejection with a little bit of indecision close to a psychological and technical level (1.15). Expectation for the next candle, so for next week, is a slightly more bullish week. Reason for this is because of the indecision that's still visible. Longer term outlook would be a stronger bullish move if we look at...
On the weekly chart we can see the EURUSD is in a downtrend and price has been hovering around the trendline for weeks now. The uptrend on the Daily chart is supported by a trendline to the upside and this was tested last Friday! Let’s see how markets open on Monday. Will this break continue indicating a move to the downside/trend reversal? Also look at my DXY...
Good afternoon guys, I find this cross very interesting to make a counter trend trade, short, which is approved by the weekly chart. In fact, on this one I find an uptrend which follows perfectly the trendline , but now has a very big obstacle : the Weekly SSB. I draw it on this graph, and I do the same with the Weekly Tenkan Sen , which seems to be ...
Multi Time Frame Renko charts cross over of the lower time frame (box size) is the signal for buy/sell. Selection between the ATR and traditional box size is done by user. If you go by the traditional box size you have to select the box size manually. So change some based on the price of the Currency (you can begin by 1/10 of the currency price). Tips: It can...