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Usdollarlong

ranging or going up?I use DXY only for analysing other pairs. Yesterday's impulsive rise did not break 91.905 which is high of the ranging zone, so I suspect the consolidation will continue (may be up to Thursday). It can go down if falls below 91.663 again and breach 91.500 which I doubt seriously consider the recent two failures of attacking the 91.530 area. So that leaves me to only believe dollar will go stronger in the week ahead. It's also tough for it to break 91.905 though, but if it does break, I'll have to welcome it at 92.143 and say sorry to pound and euro (I was bullish on Euro and GBP, now have to follow the trend although still believe the glory will be back in the coming weeks) Note: In the range, higher lows and lower highs have been created although not convincing, that to me is another confirmation of dollar going up, but we never know what happens till the moment when it happens :D :D
TVC:DXYLong
by mleader1
USDOLLAR aka DJGday Guys. It's Friday. Today we analyze USDOLLAR Index. The main reason we analyzing this pair, because we would like to know the current condition of USD Currency performance. We see on the USDOLLAR or DJ at the moment, it was created an Extreme Demand Zone (EDZ) on May 10 at 11655. This the starting point bullish trend slowly build-up which is we getting confirmation that EDZ was tested and rejected three times on May 18, 21 & 25 at 11659. From here we getting more confirmation of the bullish trend. Zoom in to Hourly Timeframe, We see a choppy Range EDZ at 11674 and ESZ at 11756 but clearly showing that bullish trend still in control. Currently, the price was inside of the LRZ, and the price movement creating a beautiful HiLow market structure. What we projecting here is, the price will continue bullish which is the first target will be 11723 at MRZ, the next 11742 at URZ, and the Third at 11761 ESZ. If this happens, most likely USD getting stronger and stronger. Based on recent NFP, fundamentally data release May data higher than April data. Here we able to see that the US economy is improving slowly. If the USD gets stronger what gonna happen with XAUUSD, GBPUSD, EURUSD, USDJPY, USDCHF, USDCAD, AUDUSD, NZDUSD? Let's see what happens next. Cheers * Educational and Learning purposes only. No Buy/Sell recommendation. This is not investment advice.
FX:USDOLLARLong
by EYFMarkets
USDCAD COUNTER TREND TRADE LONGUSDCAD has for the long term been on a bearish decline, however price has struggled more recently to break below an area of support, rejecting this area on two prior occasions. Based on the close of Fridays candle we can see that price seems to be rejecting this area for the third time. Having broke back above an intraday level of resistance on the 1 hour, I would now like price to retest this area and continue upwards to my area of major resistance, although there are some obstacles in the way for price to get through.
Long
by Too_Ray1
USDJPY LONG to 104.500After an initially bullish surge on the daily I can see that price retested and rejected the 103.00 - 104.00 region. On the 1 hour timeframe price also created what seems to be an inverse head & shoulders pattern, with price then breaking above minor resistance at 103.655. After a rejection of resistance at 103.860 price seems to be retesting the previously broken resistance at 103.655. I will create a buy limit order on market open to go long with targets at major resistance 104.500.
Long
by Too_Ray1
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