jamesbond70
I currently see a very strong dollar, but is this a classic fueled movement or does it have some foundation? According to my idea we could see a decline very soon. It could be followed by a rise before taking action, which is why I leave you two possible setups on the dollar. Always use your head, this is not a copy and paste but reasoning to do together.
At the opening EURUSD left a nice gap on the rise, all this due to the French elections and American inflation data, At this point we could find ourselves faced with two different approaches. First we are going to fill the gap and I am already positioned short and then I want to observe how the price will behave in the gap.
After a few days of decline, we see a partial recovery in the pound, all created by a loss of strength in the dollar. Dollar that after a few days of strength, loses ground, but in the face of a new recovery? If this were the case, I expect the pound to gain liquidity and then continue its descent. We'll see, as always be careful!
Gold is forming a head and shoulders, and looks like it is headed towards the $2,290 support, will it bounce off it and get back up this time? If it completes the structure we could see it pierce the support, and in that case having many areas to fill at the bottom, it could go down a lot. In trading everything will be filled, there are many areas still open,...
Gold broke the last level I highlighted for a possible rise. At this point I foresee weeks of decline for our friend GOLD
Bullish momentum brought by an exuberant Australian dollar against a bearish Canadian dollar. As always, rapid climbs leave many areas to fill, you could start from this point, or go looking for the maximums before a descent, this is why I have proposed two setups on the chart. Be careful.