The US Dollar continued to trade lower, closing the week at 103.22, indicating ongoing uncertainty with this currency pair. The current market sentiment reflects significant fear and a perception that the Federal Reserve lacks a clear direction.
From a technical standpoint, we are operating under the assumption that the movement from the July 2023 lows is forming a triangle pattern. We are identifying potential support in the 102.35-101.90 range as potential end for wave D.
Given the upcoming US elections, there is little expectation for positive momentum for the USD as a currency. Therefore, our strategy will be to proceed cautiously and respond to market signals as they emerge.
From a technical standpoint, we are operating under the assumption that the movement from the July 2023 lows is forming a triangle pattern. We are identifying potential support in the 102.35-101.90 range as potential end for wave D.
Given the upcoming US elections, there is little expectation for positive momentum for the USD as a currency. Therefore, our strategy will be to proceed cautiously and respond to market signals as they emerge.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.