USDINDEX has finally test the resistance of 97.5, as we are now waiting for a breakout to the Supply Zone
of the 127% Fibonacci Retracement.
As the Fed Reserve has promised 2 rate hike for 2019, we shall see more of the up movement.
Target: 100.00
Risk: 95.80
Technical reasons:
The continuous move inside the ascending channel provides signal to continue the bullish trend on the short term and medium term basis, and surpassing 97.94 will push the index to 100.00 barrier.
The exponential moving average 50 supports the expected rise, and consolidating above 95.80 is important to continue the...
Trade Set up – Following on from our previous analysis, we feel a break above the YTD high of 97.20 would signal a bullish confirmation and this comes at a time when so many other G10 currencies just hold so few attractions. Our entry is set once price breaks the highs, although the preference, as always, is to avoid the initial break and buy the re-test.
Our...
XAGUSD, H4 and Daily
By Andria Pichidi - November 12, 2018
Recent US data, such as last Friday's hot PPI numbers, and the Fed's policy guidance following last week's FOMC meeting, have fanned expectations for a resumption in Fed tightening at December's policy meeting, which has underpinned the US currency. The USDIndex has gained 0.5% in posting a 17-month high...
