Nice_Moses

Nice_Moses Updated 

The media has tricked the masses into believing the dollar is weak just because the CPI data came out a little bad for the dollar, but ING made a crucial statement this morning "The dollar awaits any domestic input to make the first move, and domestic stories are taking Centre stage". From the statement although previous data for $ on GDP came less than the...

Nice_Moses Updated 

Looking at it we are on a bullish run with the 6 months chart closing as a bullish engulfing. I'm expecting pull back to that price since.

Nice_Moses

FUNDAMENTAL : When the dollar strengthens against other currencies, it can reduce the value of revenues generated in foreign markets when converted back into dollars. This can negatively impact corporate earnings, leading to downward pressure on stock prices most of the time. currently the dollar is strong because they seem to be the last central bank to cut...

Nice_Moses Updated 

The beginning of a monthly bullish leg, weekly bullish leg, potential daily bullish leg continuation.

Nice_Moses

Looking at the monthly structure, it's seen that the dollar index is in a down trend. Previous analysis on the 6 months chart shows a bearish engulfing and a bearish inside bar candle, signifying continuation. Last month candle displayed a pin bar and for this reason I'm more bearish than bullish on the dollar in a long term. On the weekly chart, we are down...