gpuri
Long

USDOLLAR forming falling wedge pattern on price action & ROC

FX:USDOLLAR   Dollar Index
36 3 0
USDOLLAR             (similarly DXY             ) is forming a falling wedge bullish pattern on price action and ROC9 oscillator. A target TG at 12150 can be set on breakout. A breakdown from 11709 support level will invalidate this pattern.
Hi- I've been following your charts!! Great work... I am under the impression that USDCad follows the usd... It just seems that USDCad is leading and usd is following???? Make any sense?
Reply
gpuri Tony1200
Being world reserve currency USD always drives other currencies (atleast for now). All the major movement in FX market is due to USD weakness or strength. So in my opinion CAD cannot drive USD although smaller movements could be due to some economic news.
-1 Reply
Thank you!
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out