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US-DOLLAR

NZDUSD May Drop Lower & Form Right Shoulder hey traders, it looks like we will see a symmetrical movement on NZDUSD. On a daily, the market is currently forming the right shoulder of a head and shoulders pattern. I think that bears will push the market at least to 0.63 area - completion zone of the left shoulder. Our buy zone is lying within the narrow range 0.63 - 0.627. I will be waiting for a confirmation within this range to buy the market. Target levels will be 0.646 / 0.643
Long
by VasilyTrader
6
Short Movement on U.S Dollar Index by ThinkingAntsOkDAILY CHART EXPLANATION: On this timeframe, we observe that the Dollar Index has been on a bullish movement since March '18. However, the last year, the bullish momentum started getting weaker forming a secondary wedge pattern below the Broken Main Wedge. It has bounced at the Top of the Wedge Pattern and at this moment price is breaking down the pattern. If it manages to consolidate below, the movement will be almost confirmed. We will look for a corrective structure on a lower timeframe to take short positions. The main target is the Support Zone at 96.00, and, if this zone is broken, then the Weekly Ascending Trendline will be the potential target area.
TVC:DXYShort
by ThinkingAntsOk
EURUSD: What to expect next week??? hey traders, On EURUSD we see a pullback after the market has set a new lower low lower close based on 1.09 level. The market is currently trading within a classic correction pattern called bearish flag . When we see a flag formation, we always pay close attention to a price action inside the flag. Very often, as soon as the market reaches a strong horizontal structure level, the market leaves as clear clues. During Thursday and Friday, the market has formed a classic double top pattern with a set of rejections and bearish engulfing candle in conjunction with rsi divergence. The last thing that we are looking for is the bearish violation of minor support beneath the tops. This violation will match with the violation of a bearish flag support line. Then we can short the pair expecting bearish continuation to retest the market low. Our target levels will be 1.094 and 1.09 *if you like this idea, please, like it and leave a comment! thank you :)
Short
by VasilyTrader
1