In this video update, we digest the comments made by the fomc yesterday and in particular the Fed Chairman Powell suggested rate hikes will be unlikely before the end of 2019. Many economists predicted we would see one more rate hike before the end of the year and they were left disappointed with these comments. Technically the 3hr chart is showing lower lows and...
EUR/USD & Dollar Index Update TRIFRACT - Shorter Term a bit more weakness for the Dollar Index then Big move up for the Dollar.
The US dollar has had its pre and post Brexit price swings. As shown on the 4 hours portion of the chart money moved into the dollar, and post-Brexit failure money is now moving out. Price swings based on the news are almost ALWAYS given back within a few days and we see that happening once again.
USDJPY and the US-Dollar basket are showing signs of weakening of their trends. I show why I think so, and I'm happy to hear of a different perspective based on the charts. Late last week I saw some unusual Yen strength which was masked by base currencies doing other things. I was surprised that Wall Street was heading north but Yen quoted pairs did not rock...
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Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
DXY could continue towards 89.60 before running towards 91.40 Levels. At those levels, it will be watched for the down-trend to continue. *Please like and share if you found the idea useful. Thanks!
move your stops below your entry
Trading tip: Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall. Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H ...
Dollar Index (DXY) is currently trading within a Complex Corrective Structure (WXY), with the last piece remaining to unfold on the Bullish side. After this scenario would be validated, I would be expecting a last Bearish Trend (which could be significant), thus leaving room for EUR/GBP/XAU/XAG to complete their last Bullish Swings for each of their...
DXY Wave Count is pointing out towards a possible fall towards Minute %, which would finalize, in my personal view, the end of the down-trend and Primary A.
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