Dollar is on a bullish trend and with the Biden speech we expect a dollar to go up again.
two good entry zone as we are in a bearish trend and we already have a retest to continue downtrend again. each has no more that 20 pips STOPLOSS.
after a break to become a downtrend now is come back to a good zone foe a sell entry
as trend now is up and it tries to go back that zone to go up again and continue uptrend.
as we are in a bullish run so we may have a retest to 1.21808 and then go up to our target 1.22608.
Two good entry to buy with 3 to 4 pips stoploss and more that 30 pops takeprofit.
We have seen a dollar index struggle to go up due to dovish decision, the marked zone is a decisive zone for US economy as we see more sideway moves around that zone There are some improvement in US economy but nit enough to push it up higher against other pairs. we may see some up moves this week due to decreasing covis19 cases.
looking ahead to hit 1.42140 as UKINDEX and GBPUSD on a bullish trend.
Dollar index is facing a very strong level that breaks that may cause great risk on U.S economy, though it has to go up above that level to ease that worries. Next target should be 93.400
as I said before dollar is on bullish run but still wait to break 91.400 to move higher and if it won't break might see a consolidation or come back to mark another bearish structure.
After DXY breaks the downtrend structure on H4 we can say it comes back a retest to start a bullish move.
I see a bit move up to 91.60 then push down hard to 90.00
With reopening economy UKX gains more power and look ahead to 7095.7 But today we have Retail Sales and Jobless Claim of America and as Powell stated the US economy is going to recover soon, so we may see stronger Dollar and put a pressure on GBP. TVC:UKX
MOEX:USDJPY AS we ahead of a FED decision, I expect interest rate as it is and DXY will hit and weaken.
The trend is now bullish and the AUS index is also on a bullish trend. you can buy Now at current Price till 0.76729 and wait there to a strong sell.