ONLINE FOREX BROKER
2021-08-23 • Updated
Daily Chart
The US Dollar Index tried to break above 93.50 at the end of last week trading. However, it failed to do so, declining all the way back on Friday, forming a clear bearish shooting star on the daily chart. Earlier in Asia, the index dropped further to 93.30. In the meantime, this should not be a surprise, especially that the technical indicators are nearing overbought area, while the RSI is still trading below its downtrend line on the daily chart, which keeps the door open for another leg lower, possibly to retest 93.0 – 92.80 area before the uptrend resumes.
| S3 | S2 | S1 | Pivot | R1 | R2 | R3 |
| 92.96 | 93.26 | 93.38 | 93.55 | 93.67 | 93.85 | 94.14 |
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
US stocks have delivered their worst first half of a year in more than 50 years triggered by the Fed's attempt to control inflation and growing concerns about recession.
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
