Hello Trader,
I hope you enjoyed the $ strength during 2018 because as it may seems to be, it's about to reverse on the coming weeks,
I want to be clear, technically the US Dollar can still pushing for upside because it's the strongest currency on the market right now, due to the rewarding yield and due the unique performence of the US economie during 2018.
But, fundamentally the US Dollar will be the victim of his success, this morning President D.Trump commented on the yesterday rise of the Dollar by " describing the U.S. central bank as a “problem” as he called for lower interest rates " as per Bloomberg, to resume the president of the U.S want a weaker Dollar and the central bank is pushing for a strong Dollar !!
In these conditions it's confusing for market participant how they will plan there positions long or short ?, but by applying the right skills and techniques things will be cristal clear for you.
As you can see in this chart it show a short term buy and meduim term sell back to 94 area,
I will do my best to update this idea for you guy's,
Trade with care,
Best luck
Omar NAMOUCHI
I hope you enjoyed the $ strength during 2018 because as it may seems to be, it's about to reverse on the coming weeks,
I want to be clear, technically the US Dollar can still pushing for upside because it's the strongest currency on the market right now, due to the rewarding yield and due the unique performence of the US economie during 2018.
But, fundamentally the US Dollar will be the victim of his success, this morning President D.Trump commented on the yesterday rise of the Dollar by " describing the U.S. central bank as a “problem” as he called for lower interest rates " as per Bloomberg, to resume the president of the U.S want a weaker Dollar and the central bank is pushing for a strong Dollar !!
In these conditions it's confusing for market participant how they will plan there positions long or short ?, but by applying the right skills and techniques things will be cristal clear for you.
As you can see in this chart it show a short term buy and meduim term sell back to 94 area,
I will do my best to update this idea for you guy's,
Trade with care,
Best luck
Omar NAMOUCHI
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1rst Impulse.
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Hello Traders,
The buyers are losing steam on the $,
for now the DXY can push for more up movements but it's expecting to be in a corrective waves,
I will be looking to make a short ( Sell ) entry as much higher as possible to lower the risk and maximise the profit,
For now there is a structure is being builded over there and it's expected to take the shape of an aggressive Rising Wedge 60 min chart, this pattern is knowing by it's reversal caracterstic.
Trade with care guys.
The buyers are losing steam on the $,
for now the DXY can push for more up movements but it's expecting to be in a corrective waves,
I will be looking to make a short ( Sell ) entry as much higher as possible to lower the risk and maximise the profit,
For now there is a structure is being builded over there and it's expected to take the shape of an aggressive Rising Wedge 60 min chart, this pattern is knowing by it's reversal caracterstic.
Trade with care guys.
Giao dịch đang hoạt động
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Clear Head and Shoulders pattern.
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DXY is breaking down,
Enjoy it gays !!
Stay tuned for more ideas.
Enjoy it gays !!
Stay tuned for more ideas.
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