iamelvisblack

iamelvisblack

USDX may be looking at a trend reversal to the upside. A doji just formed near support, more confirmation needed but overal sentiment is bullish.

iamelvisblack

Will the momentum die down around the yellow area? A supporting reversal candlestick will confirm the trend.

iamelvisblack

Is the USD ready for a reversal? If price breaks the 93.800 level, it's all the way up(technically). Don't forget to watch for news impacting the dollar. Major event on Friday, the Jackson Hole Symposium.

iamelvisblack

The ever rising COVID-19 cases in Australia has seen the Aussie turn bearish since last week. We might see this going on probably through the rest of the year. The drop was overdue anyways. The U.S 10-Year bond yield(US10Y) is showing bullish potential; 50MA crossover the 200MA on the DAILY timeframe. The Dow Jones Industrial Average(US30) and the S&P500 are...