Since last week the dollar broke resistance but failed to keep up the momentum, the dollar weakened and dropped back to support line 97.4. The area where the dollar stops is also supported by the yellow line (200 moving average line). The Stochastic is in a bullish position on the daily graph. The dollar is trending up in the daily graph. Bullish signal with a target: 98.3
Pattern: 1M Channel Up. Signal: Bullish as the price hit the 1D MA200 and is near the Higher Low trend line of the pattern. Target: 100.00 (potential Higher High of the Channel).
Because the pattern created on the dollar this week will be critical. As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red. The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness. And with all that, one...
We like to start with a review of the dollar at the beginning of the week to get a direction regarding the major currencies. So we have here almost the same model as last week, again after meeting with the moving average 200 dollar line coming back up. The dollar is still stuck between the support line 95.4 and the resistance line at 97.4, and if going into detail...
Please note the graph above: The dollar returned to the range between support for 95.4 and resistance at 97.4. In a normal situation, the recommendation is buying close to the support line and selling close to the resistance line, but not on this case as you can see that every time the dollar touched the 200 moving average line (yellow line) is back to rise and it...
The dollar made a break of resistance but failed to hold out above the resistance line. We returned to the period before breaking the resistance which means that the dollar is stuck between 95.4 and 97.4, we are currently bearish with a target of $ 95
We have a bullish trend, the dollar has 96.3 support and resistance at 98.12, in the long term we think the dollar will rise to the 102 area We recommend buying signals with a short and close target at 98.12
Pattern: 1D Rising Wedge. Signal: Bullish as the price reached the Higher Low trend line as well as the 1D MA200. Target 98.330 (the 1D Resistance and pattern top).
Like every week, we try to analyze the dollar first so that we have an understanding of everything else. On April 22 the dollar made its breakout after six failed attempts but stopped very quickly (usually in the event of a breakout we expect long rallies to continue), its fall stopped just in support and this morning the dollar is rising slightly. The most likely...
We analyzed the dollar last week and left the same sentence on the graph above, the only change is the question mark that became an exclamation mark, this is the reason: The dollar broke serious resistance and so we thought that this is now the dollar is going to rise upwards and then suddenly there was a drop then we did not know whether this decline shows that...
We try to analyze the direction of the dollar at the beginning of the week to get ideas on other currencies. As can be seen in the graph above, the dollar breached the resistance last week after six unsuccessful attempts and after it remained stuck in the middle between 95.49 and 97.67 since November. That resistance breaks out after a while and after a long...
Dollar index buyers losing strength. Sellers coming.
Pattern: Head and Shoulders on 1D. Signals: Bearish as the price touched the 1W Resistance Zone. Target: 95.95 (1W Support Zone).
Intraday target: $96.90 Long-term target: $100
Intraday target: $96.90 Long-term target: $100
Intraday target: $96.50 Long-term target: $100
Intraday target: $96.50 Long-term target: $100