About me🐮Hello Mr/Mrs 🐻
🗣My name is Erik I'm a forex analyst with a 2 years experience in this field.
🇦🇱I'm of Albanian origin and I live in Albania where Forex has not yet formed its form as a popular trading platform.
DOLLAR TO CONTINUE TO TRADE HIGHER IN DAYS AHEAD
The US Dollar index (DXY) reversed last week after hitting confluent support by way of a trend-line and the 200-day MA. The underside trend-line remains a line of significant interest as it holds together the bottom of a developing ascending wedge.
The wedge may take a couple of months or longer to fully...
The EUR/USD jumped from 1.1355 to 1.1447, reaching the strongest level since February 4. Afterward pulled back modestly and near the end of the session was hovering around 1.1440, up 80 pips for the day, having the best performance since January.
But what is this on chart ... is a Recovery
We have about 1 week to follow AUDUSD for a supreme rise but in fact it is going down every day. But I still tell you not to worry and not to close your order because soon buyers will take control of us 0.73 and this would be a good step in mind and RBA would be a great help if the GDP was on the Aussie side
but do not forget that
News, politics and USD movement...
we see a fairly large increase in GBPUSD which is very strong and weakened by the dollar and this gives us a fairly high share. I have placed 3 profits that can be hit within a 1 week time frame but I actually have 6 profits named
For those who are selling EURUSD, I do not know if they know much about the wave and scenario that I have built, but there is a market opening that can have a drop and a bearish control that can be too dark and an entry the longest of bulls
S3 1.1388 S2 1.1397 S1 1.1404
R3 1.1420 R2 1.1429 R1 1.1436
but the biggest problem is how the gaps will be opened today and I hope for an opening in 0.729 for pushing buyers to advance in the opposite direction if 0.7000 and 0.6970 breaks down it is very likely sellers will push for 0.6800. However going below 0.7 will be extremely difficult as Aussie is finding a lot of support at 0.7190-0.7200. So below 0.7190 I would...
Well, she tried again with a bullish candle, but failed to keep the price at the new 3500 resistance level, turned down and now is looking more bearish.
For me, the targets are still the same split earlier this may fall down to $ 3000-2455
This is seriously a pain for most dealers because they did not expect this price drop. All were very bullish a few days...
Technical Forecast For US Dollars: BEARISH
Looking to the trade-weighted Dollar index, the congestion is readily apparent. The swing high from early November – the highest level for this measure since June 2017 – is not far from where we end this past week. Theoretically, it would not take a significant charge to return the market to that level and possibly force...
DXY #Dollar set for biggest weekly drop in two months
LONDON (Reuters) - The dollar nursed losses on Friday after sustaining a large overnight drop as growing speculation that the U.S. central bank may be readying to signal a pause in its three-year rate hiking campaign was offset by concerns that global growth is slowing.
AUDUSD The market is testing support...
We Wait For Break Resistance NZDUSD in 0.6887 for Closed Profit in 0.7000.
We see and signal buy from MA5,10,20,50,100,200
MA5 0.6876 Buy
MA10 0.6889 Sell
MA20 0.6911 Sell
MA50 0.6855 Buy
MA100 0.6826 Buy
MA200 0.6707 Buy
Aussie registered a high at 7393 into the open of the month before reversing sharply lower. Price is poised to post an outside weekly reversal off confluence resistance if we close at these levels (typically bearish) and leaves the October advance at risk while below this threshold. Interim support targets rests at 61.8% retracement at 7163 with a break below the...
Keep in mind, the break of the September-high (0.7315) instills a constructive outlook for AUD/USD, but the advance from the 2018-low (0.7021) appears to sputtering ahead of the 0.7400 (38.2% expansion) handle as both price and the Relative Strength Index (RSI) threaten the upward trends carried over from October.
With that said, lack of momentum to hold above...