USD - Dollar is experiencing a lot of resistance in the zone as marked, so could drop from here. However, if it breaks this area, the next short price would be the QP 98.000. A lot of news for the dollar throughout next week so could be fairly unpredictable. There is also a bank holiday on Friday 3rd July. Overall, I am expecting the dollar to rise this week,...
The US Dollar Index is currently on the verge of a very critical resistance, #DXY can be considered as an important leading indicator in the course of the markets on a global scale.. The increase of # DXY significantly reduces the risk appetite of investors in the markets and the demand for the dollar increases. In this context, examining the #DXY chart gives...
Hi traders, The dollar is poised for more downside. I'm looking for a textbook 1-2-3-4-5 structure that will complete wave C. Price is set to correct into wave 2, after which I'm expecting further downside into wave 3. With this being said, however, it is advisable to wait for proper confirmation as this analysis is premature - more market data is...
dollar index bullish - H4 demand retest and we good to go
Near 97.47 - 97.57 we can open buy - The main trend is up - Price bounced from key zone
Trade Set Up - We have the USD index on ‘high watch’ as this contributes to our holistic stance on trading the USD, notably using the weekly chart, which gives good structure and oversight. Currently, our view is cautiously long, but a break through channel support on a weekly basis would see us adopt a natural view. A close below 96.00 to 95.60 would further...