The AUD/USD declined on Thursday and fell below 0.6500. However, despite this correction, the short-term outlook still favors the upside as the Greenback remains under pressure due to weaker US labor market data and declining US Treasury yields.
Data from Australia showed that employment rose by 55,000 in October, surpassing the consensus estimate of 20,000 and...
U.S.Dollar Currency Index ( DXY ) was able to break the Important Resistance Line , and I expect that DXY will grow UP at least over Resistance Zone , and then we will see the pullback to Resistance Zone by microwave 4 of Main wave 5 .
After this happens, we will probably see the end of the Main wave 5 at my TRZ (Time Reversal Zone) and on top ...
as second retest we expect usd to fall and if it break this chanell will go down to the target but if it break this zone to upper zone we can wait to raly begin
Hey everyone. I hope everyone is doing well. I have A VERY VALUEABLE chart here which contains some valuable information for predicting where INDEX:BTCUSD will be heading. Also note that altcoins move in tandem with BTC especially when it makes a big move!
If you're new to BTC or are otherwise unaware, BTC has had a strong correlation with the DXY over its...
Elementary Analysis:
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies.
Understanding the U.S. Dollar...
