The strengthening of the dollar is not over yet, with the beginning of the new week its rally will continue.
A sell signal of medium strength (2 of 3) after testing the resistance level (1.1906 - 1.1925) and the psychological level (1.1900).
Trade target - 1.1800
Dollar is weak in my opinion and looking to run the lows on the daily chart. IF we do break to the upside I will be looking at 91.40 and 91.95 for a reversal. Currently long from last week on Aussie and Fibre. So just managing this for now and waiting for new opportunity. HV News only thurs/friday this week for AUD and EUR
FROM THE START OF 2021 WE ONLY TRADED UPWARDS UNTIL RECENLTY.
WE MIGHT HAVE THE HIGH IN HERE WITH LOADS OF DOWNSIDE POTENTIAL ON THE DOLLAR.
WE STILL NICELY ABOVE THE YEAR OPEN WITH A LOT OF DOWNSIDE IN PLAY TO REACH THE YEAR OPEN AND THEN CREATE THE DOWNSIDE FOR 2021
LOOKING DEEP DOWN BELOW 80 IT SEEMS WE CAN RUN DOWN TO 78S TO HIT THE MAJOR LIQUIDITY LEVEL....
Elections on the way in the USA this coming Tuesday. Its going to be crazy. Lots of volatility expected and possibly black swan events. Markets could be gapping hundreds of pips... I have marked levels here on weekly I am watching. 2 areas of importance here, plus the FVG above market above 98 - If we gap into that and reject it will be a wild ride across the...
20/09/2020 - Dollar is indicating signs it wants to bounce here to the upside in LTF in a short term basis or until we at least hit 94.50s. I will be monitoring what we do at 94.50s on daily as this also provides a decent resistance level for a drop further down to run the low at 88.17. The level 84.79 should also show increase in support and I believe this will...
NFP last week took out stops and caused some panic. I am expecting this to be settled this week with the longer term outlook coming back into play
Looking at the dollar I am expecting a reverse in Fibre as outlined
Current prices hit previous lows,
The bottom support is very strong in this position,
Future prices are likely to test the downtrend line again.
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Price broke 1.1110 level support level,
It will continue to fall in the future.
Investors are advised to remain short,
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