The dollar needs to hold 5.41% to rise. The chart below is drawn with Gann Box. The upside and downside targets are clear, but I think the dollar failed to break 5.41% today and I expect the downtrend to continue. This is just an opinion and do not include it in your trading goals.
Note
Well, there is no doubt that with the increase in customs tariffs by Trump, some people think that the dollar will strengthen, and yesterday's move of the dollar was due to this thought, but other countries will not be silent and will impose more tariffs on American goods. As a result, inflation and unemployment due to the lack of successful exports will weaken the dollar, and investors will come to Bitcoin and the cryptocurrency market. The first sign of the dollar's fall is the growth of the euro against the dollar. Investors chose the euro. This scenario will take time. The market is evaluating Trump's provoking behavior. Investors are investing where economic security is guaranteed.We entered into trade yesterday but Trump ruined it and scared investors
:(
The NPF will be announced tomorrow. It is better to temporarily exit the market until tomorrow's news because the tariff increase is currently in favor of the dollar and strengthening it. This is the initial impression of the dollar,
but the world will not remain silent and we will enter into buying again at that time. So let's exit the market until tomorrow and pay attention to the NFP. If it does not change, we will buy.
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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.