Strength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is...
Current price 0.86 crossed the support line at 0.84 and is trading between 0.88 support and 0.84 support lines. Throughout the month of 08/25/20 - 09/24/20, the price experienced a +1% Uptrend. During the week of 09/17/20 - 09/24/20, the FOREX enjoyed a +1% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above...
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 62%
TARGET (EXIT) PRICE = 0.859241 EUR
BREAKOUT (ENTRY) PRICE = 0.856386 EUR
DISTANCE TO TARGET PRICE = 0.38% (32.7 pips)
EMERGED ON = Sep 23, 04:00 PM (UTC)
CONFIRMED ON = Sep 23, 05:29 PM (UTC)
WITH CONFIDENCE LEVEL = 72%
Once the price breaks out from the...
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...
I have drawn the structure and reasons for price action.
The 0.318 level will bound to give a bounce and when looking at the overall Elliot wave correlation, its wave E of a complex wave which should break up and the USD regain lost ground against the EURO
Weekly indicators supports a reversal coming as the bottom is...