Short Position: Australian Dollar go to sell-off!!!
Today, in this technical analysis as the trend was neutral in the past day, now we have the decision to choose the trend. Right now, the trend is begin to seem bearish and we have a good short opportunity to find down 95 pips.
In Daily we formed a bearish channel and we leading to the key support line at $0.7038 USD.
And in H1 or H4 timeframe we formed a pull back on this double top!!!
Now, these purple triangle represent the double top, and it/s beautiul to understand this chartist pattern
Fundamental Keys for U.S. Dollar:
1. President Trump say that stimulus hopes was restored to support the american citizens
2. The U.S. congress and senate approve $25 billioon or Airlines and $135 billion or protection program for small business and the rest U.S. business.
3. The FED showed the members generally agreed that the U.S. central bank should no rush to raise rates and also reiterated the importance of additional stimulus,
So, the FED is crazzy to print out more money, that benefit for a good fundamentals, but each dollar make devaluated her value, fundamentally, that not mean that U.S. Dollar going to crash and then, make short position, not, that work of other matter. Because Forex is control by banks principally and Gold, Silver and Bitcoin is control by supply and demand, so the Forex market what move is by banks for fundamentals. What occur fundmenaly is that in long-term all currencies losses his value throughout of the time
In Daily we formed a bearish channel and we leading to the key support line at $0.7038 USD.
And in H1 or H4 timeframe we formed a pull back on this double top!!!
Now, these purple triangle represent the double top, and it/s beautiul to understand this chartist pattern
Fundamental Keys for U.S. Dollar:
1. President Trump say that stimulus hopes was restored to support the american citizens
2. The U.S. congress and senate approve $25 billioon or Airlines and $135 billion or protection program for small business and the rest U.S. business.
3. The FED showed the members generally agreed that the U.S. central bank should no rush to raise rates and also reiterated the importance of additional stimulus,
So, the FED is crazzy to print out more money, that benefit for a good fundamentals, but each dollar make devaluated her value, fundamentally, that not mean that U.S. Dollar going to crash and then, make short position, not, that work of other matter. Because Forex is control by banks principally and Gold, Silver and Bitcoin is control by supply and demand, so the Forex market what move is by banks for fundamentals. What occur fundmenaly is that in long-term all currencies losses his value throughout of the time