Tag - usd

Although Wednesday’s US economic data were positive, the greenback continues to lose positions.

Recommendation: BUY 1…

The US dollar index is falling. It is trading below $93.80. The support lies at $93.55.

The USD index spiked to resistance at 95…

On the daily chart of NZD/USD, after the pair reached the 88.6% target of the “Bat” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave.

On the daily chart of AUD/USD, after the pair reached 88.6% target of the “Shark” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave within its transformation to 5-0.

On H1, the inability of bulls to return EUR/USD inside the downtrend channel or break resistance at 1.1715, will increase the risks of getting to 161.8% target of the “Shark”.

On the daily chart of USD/JPY, a “Shark” is transforming into 5-0. Pullbacks towards 23.6%, 38.2% and 50% of the wave CD are usually used for opening long positions.

We have been seeing a huge action in the price of the USD/TRY pair across the board, after the measures taken by the Turkish Central Bank and the government by itself…

We have not had much action regarding the price of Bitcoin, although the 200-hour moving average continues to be maintained as dynamic resistance…

US dollar experienced a correction…

On the daily chart, GBP/USD is showing a sustainable uptrend within the correction to the long-term bullish trend.