This zone could be very choppy during market open. Looking for potentials sells. Alternatively, price could break up and for more retracement. Nothing is static.
End of week and the pound dollar looks very bullish.
Looking at the dollar index. Huge swing possibility.
Dollar Shorts A look at a bumpy ride for the dollar. Back to support levels?
DXY resistance level has been tested severally but seems to be weak, Bulls pressure presence around 103.90. second handed to 114.18 Those are lower timeframes resistance levels turned support. Betting on the bulls.
Bears are still in the market. expecting to see huge volume in around 1.2034. Targeting 250 pips down.
Pound bulls came out aggressively during yesterdays London session. Now that we broke the resistance level around 1.2040. Potential targets could be around retracement levels around 1.2032 or alternatively a push higher to 1.2240. Having FOMC later on today. Price could get aggrsseive
Last week dollar presented ques of breakout but ended up throwing in wicks above that resistance level around 103.90. Watching 104.20 a current resistance if it holds we could get into 102.61 Alternatively 105.70 lets great to move to if bulls make a run for it.
The dollar has been bouncing off the 103.00 to 103.90. A potential resistance level has been broken during previous weeks activity. Looking for potential bulls build up to continue.
Look to short cable First Take Profit 100 pips Down Second Take profit 200 Pips Down. Sthoploss 25 pips ABove entry
Long on USDCAD Take profit 100 pips Up. Stoploss 25 pips from entry.
Interest to short GU. Targets Interest around 1.2100. Have an amazing trading session G
As the year comes to an end pound seems to be trying to change the direction of things potentially looking for a recovery. Lots of Thanks Merry Christmas & Happy New Year.
This week might be quite erratic with all the economic data falling in place. CPI on the dollar and Federal funds rate. High expectations on the dollar rate hike as we come closer to end year. All we can do right now is be patience and let price action print its game play.
Hello Traders Looking at the dollar index, bears were a bit hesitant for a while looking at the range that was created. Possible targets could be around 105.28 or alternatively further down to 104.02 Little liquidity in the markets due to a US BANK HOLIDAY. When liquidity resumes those could be our possible areas of interest.
Taking note of FEDS FUND RATE economic data this following week this could be highly possible. For now if dollar is bullish, 107.00 is my target. #Letstrade Gs