hello guys, here a technical and fundamental analysis on the usdyen. The dollar spiked, but we are facing a structure zone, which has been respected--> we can use it as support turning resistance. From the fundamental view, the dollar will collapse due to higher interest rate which is a price setting, so higher price, higher inflation.. weak dollar.
hello guys, we've a new possible opportunity:
clue 1--> ABCD movement complete, turning in doji candle (today)
clue 2--> 50 day EMA resistence level, no close for now above
clue 3--> doji candle indicates possible reversal pattern
We're approching also a resistence level, eyes on dat
for now we look at the chart and w8
ello every1, we're here with a new trade, as u can see in the chart we've a ABCD pattern , then we hit a strong resistence and the RSI in OB . These clues let us to open a short position. target:
have a nice day!