Daily chart showing upward movement and there is probability dollar will continue going up to previous highs. Seems like they will figure out how to put good deal on the tariffs and DXY will continue to rise.
The price made a false breakout of the Mirror Level 27500.0. We can open Buy if it will make a pullback. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!
Canadian dollar continues it's weak streak and influences from the Australian and New Zealand economies are now reacting. Taking 50% of profits by 100 pips and letting the trade run. Trade at your own risk under your own terms. I'm not responsible for anyone's decision to follow MY idea.
USD index is approaching its resistance at 7.020(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 6.973(61.8% Fibonacci extension *2, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Wait for a pullback on broken zone and signs of rejections. *I am not responsable for how you use this analysis*
The US's trend remains unchanged: strongly bullish. After yesterday's decision taken by the FED, which decided to keep rates unchanged, investors reacted as analysts had expected. Without excessively increasing of long positions but keeping prices stable.When President Powell's conference began, he said that even if the US economy is stable now. The inflation...
i believe the E wave touched and now waiting for downtrend so it's short position for usdcad that can take some time i'll update it soon as always ... comment me your opinion
After a strong push lower following the dovish fed statement on wednesday, the dxy ended the week unchanged. The spike lower hit right onto that key 200Week MA, which again acted as good support. The range is now narrowing. Between the trend line & 200wma to the downside & the 61.8% retrace/longer term pivot trend/75% slope in pitchfork. Daily $96-$95.70 key...
Hello We expect USD index to drop to 95, small correction is expected first then drop. WE have FED and NFP this week, We will have volatility especially On Firaday. Stay in the sell SIDE and wait for market to come to your target sell area. THIS MEANS EUR WILL GO DOWN A BIT then GO UP, USDCHF will go down, AUDUSD UP and so on. Thanks Twitter ACCOUNT @AHMADSA42854879
We expect USD index to reverse badly, this is a very good to sell, always use stop loss and trade safe.
USDCAD has reached a point of trendline Support region, we have to closely look the price for a bounce off with rejection for a long opportunity and if breaks below then we will be taking shorts. Hope you find this analysis Useful
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY US Dollar Index weekly Prediction Chart time frame - H4 Timeframe - 1-2 weeks Actions on - A – Activating Event US Dollar Index will see another bull run this week. B – Beliefs Market will be rejected at @12276 level however consolidate and then move towards the first Target 1 level @ 12315. Trade Management...