Trader TatanTrader — Trading Ideas & Charts — TradingView

USD Next week analysis - May 11 2019

, 1D

Price dropped and closed below 97.50. If it holds as resistance we could see lower prices throughout the week with EU long opportunities. If not, the price could head higher to make a higher High providing Short opportunities on EU -Current Trend-

DXY Next Week Analysis

DXY

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TatanTrader

If price breaks and retest 97.50 Res. Zone, look for Shorts on EU, GU, AU, Long on UJ, XU. If it holds below 97.50 look for Longs EU, GU, AU, Shorts on Long on UJ, XU. *Visit price action daily to adjust strategy to market movement

US Dollar downtrend momentum

DXY

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TatanTrader

Monthly Candlestick Forming spinning top, Bullish momentum since January 2019, EMA's indicate uptrend. Weekly TF we see strong Bearish momentum, although blue EMA and Major Support zone held last week and price has been consolidating for 9 weeks. On Daily, we saw how price went down on Monday and found support at 97.00, broked it and continue down, pullback on...

EurUsd Possible Long

EURUSD

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Long

TatanTrader

Price found Major Support Level 1.1200 and we could be seeing some long opportunities.

DXY Possible Head and Shoulders Pattern

DXY

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Short

TatanTrader

After last week Non-farm report the green gained some momentum but not enough to close above 70.50 Major Resistance Zone. Price has struggled to break above that area and the market seems to be bear on the US economy despite good economic data. In the meantime, EurUsd has found 1.1200 Major Support zone and it may provide some opportunities in the upcoming week.

DXY Possible Head and Shoulders

DXY

, 1D

Short

TatanTrader

After last week Non-farm report the green gained some momentum but the price couldn´t close above 97.50 Major resistance zone. If it holds we may see a drawdown to 96.00 and bellow next week. In the meantime, EurUsd found Major Support Zone around 1.1200 and It could give some long opportunities.