Usdx
USDX - US Dollar indexRight now I'm watching a VERY BIG CUP. When we get to this part, we take a break and speculate that the handle pattern will be painted. The impact of the Federal Reserve's policy is that we expect the stock market as a whole to weaken against the US dollar.
This Crypto market will probably have the strongest impact.
Be careful :)
US DOLLAR INDEX PRICE ACTION AND CHART ANALYSIS w/ upcoming NEWSWelcome back to another video, today's video is about analysing the NASDAQ (NAS100) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend).
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
▪️GBPUSD LONG▪️TF- D1/WK▪️6-10R▪️400-700pipsType - Retracement trade; Very possible swing now
TF- Daily/Weekly
BIAS - Bullish
ENTRY - 1.1556
SL - 1.1490
TP - 1.1730(GrAA),1.1870(GrAAA), 1.1950(GrAAA),1.2240(GrAAA)
RR - 1:6 (10R max)
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Upside LVL's (RES)
1.1730(GrAA)
1.1870(GrAAA)
1.1950(GrAAA) - 6R case
1.2240(GrAAA) - 10R case
Downside LVL's (SUP)
1.1440 (GrAA)
1.1360 (GrAAA)
US DOLLAR INDEX BEARIS OUTLOOKInflation is USA still remains high, but it have eased a bit, showing the CPI published yesterday. The investors are currently more worried regarding the interest rate increase that Fed is planning to implement in order to continue slowing the inflation.
USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the instrument, which is supported by both MACD histogram, which is steadily under the zero line, and the RSI index.
If the pattern does not realize the instrument might return to its open from yesterday at 106, but if it gets realized, it might reach levels of 103.3
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