Usdx
USDX - US Dollar indexRight now I'm watching a VERY BIG CUP. When we get to this part, we take a break and speculate that the handle pattern will be painted. The impact of the Federal Reserve's policy is that we expect the stock market as a whole to weaken against the US dollar.
This Crypto market will probably have the strongest impact.
Be careful :)
US DOLLAR INDEX PRICE ACTION AND CHART ANALYSIS w/ upcoming NEWSWelcome back to another video, today's video is about analysing the NASDAQ (NAS100) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend).
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
▪️GBPUSD LONG▪️TF- D1/WK▪️6-10R▪️400-700pipsType - Retracement trade; Very possible swing now
TF- Daily/Weekly
BIAS - Bullish
ENTRY - 1.1556
SL - 1.1490
TP - 1.1730(GrAA),1.1870(GrAAA), 1.1950(GrAAA),1.2240(GrAAA)
RR - 1:6 (10R max)
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Upside LVL's (RES)
1.1730(GrAA)
1.1870(GrAAA)
1.1950(GrAAA) - 6R case
1.2240(GrAAA) - 10R case
Downside LVL's (SUP)
1.1440 (GrAA)
1.1360 (GrAAA)
US DOLLAR INDEX BEARIS OUTLOOKInflation is USA still remains high, but it have eased a bit, showing the CPI published yesterday. The investors are currently more worried regarding the interest rate increase that Fed is planning to implement in order to continue slowing the inflation.
USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the instrument, which is supported by both MACD histogram, which is steadily under the zero line, and the RSI index.
If the pattern does not realize the instrument might return to its open from yesterday at 106, but if it gets realized, it might reach levels of 103.3
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EURO bulls might take a little break and then go up towards 500!Euro bulls are having trouble to stay above 250 and I don't expect them to break up towards 300 early next week either, even though they could always surprise me. I expect them to reach 500, but I think its safer to wait for a re-test of parity first or for a clean break above 250, so they would actually manage to stay above. So for me the week will start in waiting mode. If we start with a downmove...I will wait for when it stops, if at the 100 level again or if it breaks below, towards parity.