This weekend's market is expected to be relatively quiet.
They will not produce large effects or move, and they will most likely not affect all pairings.
We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained.
After...
This is the ultimate score of my previous three weeks; I'm not sure what will happen next weekend; I have a lot of work to do today... yet as I sit here and watch all of this, I feel stunder. I'm at a loss for what to say... is just untrustworthy.
Fundmentals :
See previous analysis of the US dollar....
Technicals :
Horizontal support
Divergence
Rising RSI and other indicators
Rising Trendline
a-b-c extension fulfillment
Possible Wave 2
61.8% support confluence with horizontal support
Target :
Upper part of the rising daily channel @ 0.9415 to 0.96, where I believe the minimum limits of wave 3 starts to...
The US Dollar index is not a play thing. Some will be aware that I've been tracking this index for a long time.
Loads of folk have predicted that the Dollar Index will simply die. The evidence is showing that it ain't going down without a fight.
It's a massive index of macro-economic importance. You've got to be one of the big boys with loads of time to wait....
FRED:DGS10
Thought I would check out the the 10 year after some crazy price action and decided to analyze this on a longer term time frame.
The Laguerre RSI doesn't show much weakening compared to price which indicates to me there could be a possible pop up even making higher highs.
Last time XRP hit my area of Weekly Demand was on July 16 2017 you can see price how price touched it again in March of 2020 , Now you also see price stalling at the 0.30 cents area the same area it was stalling in 2017 , if price does break the current area of supply its at right now , XRP may pump and who knows maybe go for a another pump to the upside for god...
