USD / EUR
It is quite clear in the picture.
Formed a CURVE pattern.
The 0.93 resistor is broken and pulled back.
It is expected to start range 1 of the climb.
#GOLD #USDEUR #BTC #BTCUSD #LUNA #LUNC #UST
The prices is in the falling wedge. The chart demonstrates that the price will be increased in short term. DMI and ADX indicators support this expectation.
Enter when the price breaks out of the wedge with a high volume
Last time the dollar was worth 0.95eur was back on Jan 17.
Price appeared to have respected this key level last month by displaying a textbook rejection candle.
Howvers, this month the strong bullish sentiment persists and this level is being tested again.
Would you feel comfortable going long on the breakout if the price does not enter in a small phase prior...
This brief analysis aims to show the divergence and interdependence of technical analysis with the fundamental one.
The increase in rates following the increase in inflation tends to lead us to the idea of an increase in the price of the dollar without the possibility of interpreting its trend from the point of view of technical analysis, which I do not agree with...
Now the red candle is in a good position to start a good trend either an up to one or a downward trend
so we are waking for a confirmation:
+If it goes up buy at 0.9588👌
+IF it goes down-sell after a red candle✌
and pay attention to the support it can reverse
SO TAKE RISKS AND OPEN UR WALLETS🤑👍
Strong uptrend on the higher timeframe and respecting the 4 hourly uptrend support line. Pushing towards the previous high. If the high is broken, wait for the retest of the previous high as support on the 15-minute time frame and enter long.
Risk 1-2% / Risk Reward Ratio 1:4. Stop-loss and TP as shown.
Remember to like and follow if you agree with the idea.
According to chart analysis, it is in a bullish trend because of the trendline but the divergence is bearish in RSI and the rising wedge, Double Top is detected.
Plan A: Long
Plan B: Short
Using the andrews pitchfork tool, usd/eur has had some stable bullishness but the price is currently at 3 unmitigated order blocks and with all the inflation and the war, it may soon melt. We may have an opportunity to hold a position for a couple months if this melts, definitely keeping an eye on this chart.
As there appears to be much discourse around the status of the dollar as "the world reserve currency", it seems interesting to me that the standard measure of the dollar's strength is not weighted in this way.
Here I am attempting to reconcile the standard dollar index (DXY), which measures the strength of the USD against a basket of other currencies (see below),...