Short and to the point!
Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on...
If you followed my last article about EURUSD I thought that the EURUSD will target 1.1440 to continue the Shark pattern .. But I don't think that now because the up move is weak.
EURUSD pair enter selling zone now it's near the upper side of the down-channel and near PRZ of the Shark pattern the selling is better than buying it.
GBPUSD is moving in downtrend as you seen in the chart and the upper side of the channel match with the moving average 100 so it's a cluster zone. I think it's a great opportunity for sell.
you can see the dollar index analysis from here
Any question I'm here for you ... good luck
Until now I can't see any buying opportunity for EURUSD although I want to sell it from 1.1440 or 1.3320 .. Of course if the price go to 1.1440 will be better because it is match with the down channel.
If you follow me I bought USDCAD in this post www.tradingview.com... ... So don't enter both trades
The US Dollar Index hit lower at 95.16 levels yesterday before pulling back. It is seen to be trading close to 95.60 levels for now and could continue higher towards 96.00 levels at least before reversing again. Please note that a counter trend rally was looking to be due after the thrust move between 95.98 to 95.20 levels earlier. Looking into the short term wave...