USDINDEX has finally test the resistance of 97.5, as we are now waiting for a breakout to the Supply Zone
of the 127% Fibonacci Retracement.
As the Fed Reserve has promised 2 rate hike for 2019, we shall see more of the up movement.
The continuous move inside the ascending channel provides signal to continue the bullish trend on the short term and medium term basis, and surpassing 97.94 will push the index to 100.00 barrier.
The exponential moving average 50 supports the expected rise, and consolidating above 95.80 is important to continue the ...
XAGUSD, H4 and Daily
By Andria Pichidi - November 12, 2018
Recent US data, such as last Friday's hot PPI numbers, and the Fed's policy guidance following last week's FOMC meeting, have fanned expectations for a resumption in Fed tightening at December's policy meeting, which has underpinned the US currency. The USDIndex has gained 0.5% in posting a 17-month high ...
Trade Set up – Following on from our previous analysis, we feel a break above the YTD high of 97.20 would signal a bullish confirmation and this comes at a time when so many other G10 currencies just hold so few attractions. Our entry is set once price breaks the highs, although the preference, as always, is to avoid the initial break and buy the re-test.
On Oct 5, did an analysis on Eurjpy where the trade was triggered only 3 days later. From execution to achieving the exact Target profit was a total of 8 days.
They always ask what will you do differently if you get to relive your live again or if you are young again?
But the interesting thing about trading is that you get to relive redo and reenact your beliefs ...