NEWUSD: symmetrical triangle patternA price action above 1890 supports a bullish trend direction.
Increase long exposure for a break above 1930.
The target price is set at 2040.
The stop-loss price is set at 1840.
It remains just above its 200-day simple moving average, which might act as major support.
A symmetrical triangle pattern is developing, favouring upside potential.
Remains a risky trade.
NEWUSD trade ideas
NEWUSD: Might the double bottom pattern reach its target?A price action above 1830 supports a bullish trend direction.
Increase long exposure for a break above 1850.
The target price is set at 1880.
The stop-loss price is set at 1800.
The ETN give investors exposure to the US dollar.
Might the double bottom pattern reach its target?
