DXY has a strong trend. lets see if it will make some sort of a pull back or continue to go higher. all we have to do is to wait. dont rush to get in trades. its a new month.
DXY is pretty stretched . we might see some weakness on Dollar till Thursday and Friday next week . especially there are lots of news those days. we might see continuation on longs with the news... also we do have rsi divergence as a confluence for the drop as well. trade safely,
EUR/USD seems like its creating head and shoulders on Monthly. we might see 1.16 next month and bounce to create right shoulder for a big fall. I would say JULY could be the month. trade safely,
AUD/USD is falling just like any other Dollar pairs. know your key levels. we might see 0.74 next month. trade safely,
GBP/USD is in a downtrend. know your key levels and expect pullbacks before continue to fall further... we might see 1.34 next month. trade safely,
NZD/USD in my opinion is reversed because of DXY. we might see NZD/USD at 0.68 before longs come on the market for a big pull back to continue to fall. especially next week we re opening a new month candle. I believe next month we will see NZD/USD at 0.68 then bounce. trade safely,
USD/CAD target is 1.2750. but 1.26 not an easy zone to break. we might see a come back to 1.25 for a retest. if not buy the break out and retest with a clean strong price action. also we gonna have a new monthly candle next week on DXY so we might see the break then... trade safely
DXY might reversed on monthly chart following with RSI divergence.
USD/CAD is in a downtrend. since DXY losing strength cuz of covid and if 2nd wave of covid will hit this year im expecting fall on USD/CAD till end of MAY. DXY might reverse and get strength 3RD QUARTER.
DXY MIGHT FALL TO 85.60 AND BOUNCE IN SEPTEMBER. PATTERNS AND STRUCTURS REPEAT HISTORY. ITS IN AN UPTRAND CHANNEL. THE IMPULSE IS BIG BUT THE CORRECTION IS BIGGER.
EUR/USD seems like having a pullback before the big run move up. 1.16 is the best price to buy Euro. good luck
DXY might retest the lows at 88.50 where it was in 2018. as u can see the impulse is much bigger than the previous impulse. but the correction seems bigger. so it means that it will take some time to go for another impulse. Im thinking DXY might start rising on March 2021.