At this moment in time. Dollar has the strength against the Euro.
If you look at the currencies unpaired. DXY is holding a stronger position on the weekly chart.
The pair is caught in S/R between 1.10848-1.09259 on the daily and 1.2496-1.09260 on the weekly.
The weekly strength indicators are all bearish with the exception of the bull strength indicator which is neutral-bearish.
The week of August 26, 2019 was an engulfing bar with a close lower than the previous weeks low. This is a strong bearish indication of what is to begin.
This current week ended up. However this was also a return to the average (mean) of the prices.
Average trading of 130 pips a week, the close was 125 pips from the 21 period average.
Until a break occurs on either consolidation point. This is neutral as it consolidates to define its position. However, at the current moment on Sunday 8 September 2019, the strength indicators are set on the bearish positions, with a engulfing negative bar, continued bearish move should be arriving.
If you look at the currencies unpaired. DXY is holding a stronger position on the weekly chart.
The pair is caught in S/R between 1.10848-1.09259 on the daily and 1.2496-1.09260 on the weekly.
The weekly strength indicators are all bearish with the exception of the bull strength indicator which is neutral-bearish.
The week of August 26, 2019 was an engulfing bar with a close lower than the previous weeks low. This is a strong bearish indication of what is to begin.
This current week ended up. However this was also a return to the average (mean) of the prices.
Average trading of 130 pips a week, the close was 125 pips from the 21 period average.
Until a break occurs on either consolidation point. This is neutral as it consolidates to define its position. However, at the current moment on Sunday 8 September 2019, the strength indicators are set on the bearish positions, with a engulfing negative bar, continued bearish move should be arriving.
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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.
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.