As forecasted the down move is started, have to see its action when it reaches to the line, we can have another move up but it's more likely to go down this time.
We have a nice symmetrical triangle, if it don't break top, then back down. , t.me
Need to wait and see how this 1h and 4h candle close but so far looks like, dollar is making a nice rising wedge and if it breaks below, USD downfall will continue My telegarm group: t.me
DXY - BULLISH MOMENTUM TO CONTINUE
According to the analysis performed, Wave B of the largest degree zigzag pattern seems to be. If the wave scenario is correct and the wave C starts, price targets of 93,89 and 84 will be available.
The price is near Key Level 98.33. We can open SELL in Zone after fake breakout and daily candle close under Level.
USDJPY looks likely to remain rangebound as price looks to be forming a bearish engulfing candle on the daily timeframe. This is largely down to the current JPY strength which could be caused by some risk off coming back into the market. If the JPY strength continues we can look for potential range trading opportunities back into the lows.
In this video update, we take a look at the recent USD strength after the recent FOMC interest rate decision. The need for the Fed to cut rates has slowed and become less aggressive because of the recent good data. Fed Chairman Powell continued his hawkish outlook in the press conference which has helped sustain the USD rally. A close above the highs will be key...
USDCAD lined up with our strategy trade at the end of day close. In this video, we discuss the current reasons for taking the trade, how we can manage the positions and what to do going forward. If price continues the downtrend we expect to see the key demand zone of 1.2900 tested before the end of the year.
The price is near Key Level 98.33. We can open SELL in Zone after fake breakout and daily candle close under Level.