Along with EURUSD and USDCHF, DXY is at a stage where a big change in trend is forecasted as all 3
pairs correlate like twin pairs and move in sync.
EURUSD - Triangle (Terminal Move)
USDCHF - Ending Diagonal (Terminal Move)
and DXY - Ending Diagonal (Terminal Move)
Other factors to take in to consideration.
1. Divergency are showing on all 3 pairs in almost every timeframe.
2. Final wave 5 looks complete on all 3 pairs also
3. Forecast for USD with NFP this week looks negative for the dollar so this could help boost the trend change I have forecasted.
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Happy Trading
NOTE: Entry, SL and TP are not shown as I am not offering a signal service.
pairs correlate like twin pairs and move in sync.
EURUSD - Triangle (Terminal Move)
USDCHF - Ending Diagonal (Terminal Move)
and DXY - Ending Diagonal (Terminal Move)
Other factors to take in to consideration.
1. Divergency are showing on all 3 pairs in almost every timeframe.
2. Final wave 5 looks complete on all 3 pairs also
3. Forecast for USD with NFP this week looks negative for the dollar so this could help boost the trend change I have forecasted.
Share and comment
Happy Trading
NOTE: Entry, SL and TP are not shown as I am not offering a signal service.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.