The U.S. Dollar Index (DXY) rise in the short-term, but will downtrend in the long term. Jan.06 2021, U.S.Capitol riots U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar. U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend. Reliability: 3-10 Markets Days.
USDCAD has been on a steep descend recently breaking a long-term demand zone. However, price can be observed to be slowing down, while approaching the next demand zone. Should price be supported at this level, we could expect a larger pullback. Price is currently still being resisted by falling trendline, thus we could still sell USDCAD to the next demand zone.
Monthly is in clear downtrend and rejecting a clear key level. Weekly candles reject monthly resistance, followed by a a bearish confirmation.
Hello everyone, XAUUSD doesn't appear to be out of the woods just yet. The bearish outlook is taken from the daily price action since last week, with the impulsive moves down adding further weight to the bearish sentiment. I don’t think the correction is over as the price action upwards is still playing out in a corrective nature. 1880 is the key price level...
Hey Traders , what's up. From me to Humanity . I know that there is allot of data, i hate that as every one else does. But, if you want to keep it simple just study, analyze and write down the Red & Green boxes they should sum up most of the study. I have included all the data here . So feel free to redo, redistribute, reuse or shar it here or outside of...
The dollar has ended 2020 with a yearly loss of more than 7%, and more than 12% from last year March the highest near 103. Last week, the dollar continued to fall and break new low but managed to recover and close just next to the week's opening price. One fact for sure is that the dollar is too weak to perform another bearish trend that's significant enough. In...
Hi all, An update to the weekly forecast I shared last month (Nov 22, the idea is linked below). There was a pull back from around the 1.21800 level last week before moving back up and into 1.22000 yesterday. My next target is at the 1.240000 level. Expecting a pullback to retest the 1.21800 level before moving upwards. Follow for further updates, your...
USDCAD in the downtrend. The recent increase in oil prices has driven the Canadian dollar to appreciate. With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise. So the Canadian dollar has the opportunity to continue to appreciate in the...
By technical analysis , NZDUSD is still in the ascending channel . It is recommended that when the price falls back to support, buy NZDUSD. FX:NZDUSD
Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate. By technical analysis , AUDUSD is still in the ascending channel . It is recommended...
If U.S. Dollar Index still weak next week, USDJPY will downtrend. The U.S. dollar weakened last week, and the Japanese Yen also appreciated with other non-US currencies. If the US dollar continues to weaken this week, USDJPY will continue its downward trend. FX:USDJPY
USDCHF still downtrend. FX:USDCHF The Swiss franc , which is highly linked to the euro , will continue to appreciate if the euro continues to rise. Therefore, USDCHF will also continue its downtrend, and it is recommended when price to rebound below the under resistance, sell USDCHF in batches.
GBPUSD touch 1.3624 last week and then fell back. It closed at 1.3521 on Friday, still above the 1.3500 integer. The uptrend unchanged, it is recommended when price fall back above under the support, buy GBPUSD in batches.
EURUSD still has a chance to rise, but this week may show a pattern of slow growth, this week (Dec. 21-25) range 1.2170-1.2360.
The U.S. Dollar Index was still weak last week, and trend is still downward in the future. But before falling, it may rebound first.
The U.S. Dollar Index was still weak last week, and trend is still downward in the future. But before falling, it may rebound first.
GBPUSD broke above the current 2.5 year supply zone, however the next candle was bearish and erased all gains. This could indicate a fake-out and we could expect price to come back down. With price being over bought as well, and being at the top of the entire Brexit range, we could expect price to come back down to current rising trendline first. Await a pullback...
Just as predicted, the dollar continued south and completed the final 5th motive wave, both in the weekly and 4-hourly time frame. The dollar held losses at 89.7 as soon as it reached the 161.8% Fibonacci extension level, similar to that of early 2018. The dollar has sustained about 12% loss to the pandemic and amid an unprecedented amount of stimulus to keep...