USDOLLAR forming falling wedge pattern on price action & ROC

FX:USDOLLAR   Dow Jones FXCM Dollar Index
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?
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!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out