DollarPipsFX

DollarPipsFX

We are currently in the WAVE 5 of the major timeframe .Within that WAVE 5 we are in the WAVE 2 at the moment. Looking at the chart we may do a Zig-zag pattern (5-3-5) or a 5 WAVE Impulsive movement up to complete WAVE 2, before bearish movement down for WAVE 3

DollarPipsFX

We are currently in the WAVE 5 of the major timeframe .Within that WAVE 5 we are in the WAVE 2 at the moment. Looking at the chart we may do a 5 WAVE Impulsive movement up to complete WAVE 2, before any bearish movement down for WAVE 3

DollarPipsFX

We are currently in the WAVE 5 of the Major Timeframe. Within that WAVE 5 we are currently In WAVE 2. Which means price can retrace up to 85.4% of WAVE 1 (very likely). After this drop we will be back on track to Buy USD for WAVE 3. For short term look to sell USD PAIRS before ultimately buying for WAVE 3 UP

DollarPipsFX

USD is currently completing the b leg of the wave 4 Regular FLAT.After this the predicted movement is to the downside for LEG C to complete the corrective wave before any move towards the upside. PAIRS TO LOOK AT EURUSD BUY GBPUSD BUY

DollarPipsFX

Hey guys as predicted In my previous analysis the price went down significantly especially during NFP.Next up I believe we would still be on the BEARISH side for USD. However , i believe it will only last for a short while before shooting up again for the MAJOR WAVE 3. As for now based on my counting we are still in the midst of completing a zigzag for WAVE2. We...

DollarPipsFX

Based on my wave analysis. In the Major timeframe we are completing the wave 2 (corrective) where it looks like we're either doing a zig-zag or an expanded flat On the minor timeframe we are in the C wave of the major timeframe corrective wave.

DollarPipsFX

Fandementally the AUD is bearish due to the rising risk off sentiment caused by the Covid Delta Variant. Australia has also seen a spike in Covid cases recently and has also extended their lockdowns in a few major cities On the technical side of things we can see that AUDJPY has retraced to the top channel of the trendline. we can also see the tree moving...

DollarPipsFX

Fandementally the NZD is bearish due to the rising risk off sentiment. Adding to this New Zealand has also reversed the decision to increase interest rates. This could prove to be very bearish for the New Zealand dollar in the long run. On the technical side of things we can see that nzdjpy has retraced to the top channel of the trendline. we can also see the...

DollarPipsFX

Fundamentally the Australian dollar is bearish. This is due to the rising number of covid cases caused by the Delta variant. Due to this the overall sentiment is more towards risk off. Whenever this happens people opt more towards the USD and JPY currency If we looked on the technical side we can see that the Australian dollar has had a very good rally this past...

DollarPipsFX

Fundamentally we are barish on the New Zealand Dollar. This is due to the rising covid cases caused by the Delta variant.The NZD has also reversed on their decision to increase interest rates. This should contribute to NZD bearishness in the long run. New Zealane is also facing growing number of covid cases and the lockdowns are being extended Technically if we...

DollarPipsFX

The DXY recently made newer highs after 9 months and this can be said to happen due to the rising Delta Variant cases around the globe. The US currency index is at a very major Point right now. The Fed's meeting tommorow can determine whether the USD goes long or short.If Fed announces tapering sooner than later we can see pairs like USDCAD rallying and pairs like...

DollarPipsFX

I've been bullish on the USD for awhile now due to the rising risk off sentiment caused by the Covid Delta Variant.As the market Is uncertain at this point of time we may see people opting more on the USD and JPY pairs.Looking at USD CAD It has reached a significant trendline in the higher timeframes and also showing signs of rejection there.The risk to reward...

DollarPipsFX

Price look like it has broke the D1 trendline and has retested the next structure with rejections. Possible sell here. SL just above the current highs. TP at the next support. Although it could go lower.

DollarPipsFX

AUDCAD is at a key support level. Momentum is also in the upside for the monthly and it has closed the month with a Doji Candlestick after a long bearish movement. Price also broke above previous highs and has retested and rejected the minor support area. Also another thing to note is that price is forming a Head and Shoulder Pattern on the D1 timeframe. Price is...