US Dollar has broken out of a down trend. It's not out of it yet but there's a higher low at end of Feb.
20MA is above 50MA and this means a short term up trend is in place. Today's candle should close above yesterday's, signalling a reversal.
I'm forecasting a stronger Dollar but for now, target profit 1 is $93 area.
Target profit 2 is $95 but that will be awhile still, and depends on the price action if and when it hits $93.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
20MA is above 50MA and this means a short term up trend is in place. Today's candle should close above yesterday's, signalling a reversal.
I'm forecasting a stronger Dollar but for now, target profit 1 is $93 area.
Target profit 2 is $95 but that will be awhile still, and depends on the price action if and when it hits $93.
Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations.
If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
Thanks!
Note
Momentum isn't coming in faster than I'd like. Probably due to the impending news from the Fed.Will review again.
Trade closed manually
Dollar dropping, but Gold rising. Not unexpected
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.