US Dollar Weekly Update.
The US dollar has experienced a surge after breaking out of the symmetrical triangle pattern. Presently, it has surpassed the Ichimoku cloud and is facing horizontal resistance. The Relative Strength Index (RSI) suggests an overbought condition.
A potential rejection appears likely, whereas a significant breach of the horizontal...
#usddollar, 15th Key reversal bar, next Insurance bar indication for short dollar. 105.55-60 resistance level for previous fall. High probability to hold this support to form double top. price may go rise up a little to catch stop losses of short traders. Target is 103.00.
#usd dollar, 14th June daily bar broke previous resistance to catch stop losses of short traders. 15th June made a key reversal bar dictation for weakness ahead. 102.90 initial target for short. while 101.50 target for medium term.
#USDDOLLAR, usd dollar monthly key reversal bar made a new high closed off the low. weekly bar 16th-20th May formed two bar reversal for bearishness ahead. 13th May daily bar is a key reversal bar confirmed with next bar down a insurance bar. 104.40-70 supply area for short. stop loss above 105.10 which is 13th May high.
We look at the fundamentals behind a strong Canadian Dollar driven by higher Oil prices.
I show you the relationship between Oil and the Canadian dollar as Oil is Canada's key export, making up 20% of all it's exports.
We look at some Technical Analysis entry strategies, using one-month ATR Volatility for stop-loss area's!!
Hey tradomaniacs,
welcome to another free signal!
Important: Wait for the retracement back to entry.
Sell if market rejects at resistance-zone!
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Type: Swingtrade
Sell: 98,05
Stop-Loss: 98,41
Target 1: 97,55
Target 2: 97,16
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