On Thursday, DXY was become stronger and put GBPUSD down, but If you look on the chart, we can see huge Bearish candle which is abnormal as compared to another candle. I believe GBPUSD may rise more. Every support is an opportunity to buy.
On Thursday, DXY was become stronger and put GOLD down, but If you look on the chart, we can see huge Bearish candle which is abnormal as compared to another candle. I believe GOLD may rise more. Every support is an opportunity to buy.
Japanese Yen showed its strength last week but on Friday it was weak. I think next whole week Japanese Yen will be weak and it is good to buy all Japanese pairs.
I am long on it. I am not seeing much strength in DXY. As US successfully decreased there interest rate to 3% which is big success for US. I think DXY will continue to be fall.
I have mentioned my analysis on the chart. I think it will help you to understand the analysis on GBPUSD. Rest of it depends on you.
Last week USD was weak but on Friday it showed strength but its not enough to make fall XAUUSD. It will be better to look buying setup on it.
NZD economy is ready to grow next week. I am bullish on it. Every support is best setup to look buying opporunity on it.
AUD is much stronger than CAD. I believe that AUDCAD pair will rise same as it was fall. Better to look buying opportunities on it.
Do not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
Do not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
The DXY (Dollar Currency Index) seems more bullish than CAD. I believe that this pairs will gradually rise to whole next week.
Do not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
The DXY (Dollar Currency Index) seems to be much stronger than EURO. I believe that EURUSD will fall and it will be best entry point if it again comes to its resistance zone.
As per the hedge fund data (COT), on Friday banks added short and cut long positions on GOL (XAUUSD) and according to the technical analysis, I am seeing bearish sentiment on XAUUSD. It will be better to sell XAUUSD on every resistance zone. Targets are given in the analysis.
US has not increased its interest and they paused it and due to this US dollar facing weakness in its strength. Better to look buying setup on AUDUSD.
Canadian dollar is much stronger against the US dollar. For the time being there is some chances that USD may rise little bit and then it will hard as per my analysis.
DXY is not strong enough to handle CHF. I believe it will after retracement. Better to look sell setup on it.