gpuri
Long

USDOLLAR forming falling wedge pattern on price action & ROC

FX:USDOLLAR   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?
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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!
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