Hey Traders, above we notice the breakout of DXY the supply zone of 94.370, that's a good sign that this zone will become a resistance and we will see more bullish momentum in the dollar. in other side we are holding our EURUSD swing short from 1,17 towards 1.138 zones. and we will monitor extra USD pairs to catch more opportunities.
Trade Safe, Joe!
Dollar starts the week steadier so far, after an ABC corrective wave I expect 5 motive wave upside.
Because the dollar index DXY is highly inverz correlated with the EURUSD I prefer shorts on the pair for reference I linked the idea.
Have a great week!
I have been watching USDZAR for a while. Well, I must say, the time is ripe to look for under-valuations in lower time frames and buy. First, like we mentioned in the previous article, the middle BB in the weekly chart was our main liquidation or the resistance line.
However, as it is,the USD is now trending above this line and with a whole...
From our previous preview of this pair, all we needed were lower lows and that we got as price action shows. As you can see, not only is there is a stochastic sell signal in the weekly chart but bears are capitalizing on that clear bearish divergence following an over-extension/EURO over-valuation by week ending February 2. However, that’s not all....
My focus pair today is USDJPY and while the Yen seems to be gaining ground as the chart shows, I expect prices to possibly rebound and edge higher in the coming days. These are my reasons. In the weekly chart, stochastics are turning from deep the oversold territory and we have that clear buy signals and higher highs which begun from late March...
CAD is over-valued and last month's candlestick was bullish. Trade as follows:
Stop Loss: 1.269-Below December 21 lows
Take Profit: 1.29-this week’s highs
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Let me know what you think.
Despite LSK bullish break out above the resistance trend line, LSK bulls are not in the money yet.
USD bulls are pushing LSK prices towards the 20 period MA and support-previous resistance line, and currently $4.7 is turning out to be a minor support line.
Volumes are low and there is a sell signal even though I won’t advise USD bulls to execute...
DASH continue to consolidate, benefiting scalpers. If anything, there is a clear three falling method candlestick pattern with price action held within a $68 range marked by 24.10.2017 Hi-Los.
By 26.10.2017 close, the significance of the 20 period MA as a reliable resistance line became clear. As mentioned yesterday, that was the 26th trading day of...