Hello Everyone. I want share my idea about USD Index.
After big and strong downtrend dollar found strong buy LVL and from here it started uptrend but at high timeframe we see its still bearish. Friday we saw strong sell but its looks like new low, i think the little bullish trend will continue, it touch weekly trendline or daily resistance, and then we will see another strong bearish movement.
This trend started after unemployed/employed rate news, next week is more crazy, we have month cpi and other big news.
My price prediction is 2 side and simple.
1 Bullish - price has big reaction on this daily trendline, it brake daily resistance and weekly bearish trendline, then retest that zone and price is going up side.
2 Bearish - price going to weekly bearish trendline, from here it has big rejection and price coming down again, braking July low and test second big weekly resistance at 98.000 LVL.
Be Patient!!! Next week will be full of manipulations, Be carefully!!! Good luck everyone!!!
After big and strong downtrend dollar found strong buy LVL and from here it started uptrend but at high timeframe we see its still bearish. Friday we saw strong sell but its looks like new low, i think the little bullish trend will continue, it touch weekly trendline or daily resistance, and then we will see another strong bearish movement.
This trend started after unemployed/employed rate news, next week is more crazy, we have month cpi and other big news.
My price prediction is 2 side and simple.
1 Bullish - price has big reaction on this daily trendline, it brake daily resistance and weekly bearish trendline, then retest that zone and price is going up side.
2 Bearish - price going to weekly bearish trendline, from here it has big rejection and price coming down again, braking July low and test second big weekly resistance at 98.000 LVL.
Be Patient!!! Next week will be full of manipulations, Be carefully!!! Good luck everyone!!!
On high timeframe its still bearish and after touch to weekly bearish trendline i think we will see some big and clear downside movement.