US Dollar moving inside a corrective phase
US Dollar has been trading in a corrective phase across the board and it seems we can expect further consolidation below the 50 SMA at H1 chart…
Tag - usd
Trading plan for May 23
It seems like the rally of the greenback has ended. On Monday, the US dollar index tested levels near $94, however, closed below $93.50.
AUD/USD could duplicate a bullish cycle
AUD/USD has been gaining momentum across the board and the price action is consolidating well above the 200 SMA at H1 chart…
Trading plan for May 22
Last week was highly positive for the US dollar, so, it managed to end the Friday’s trading above 93.50.
Weekly Forex Outlook: May 21-25
The week was positive for the greenback. The US dollar index managed to set new highs near $93.50.
EUR/USD: bears hit the breaks
On the daily chart, EUR/USD reached an interim target at 78.6% of the “Bat”. The pair formed an inside bar. A break of its upper border will increase the odds of a break above the diagonal resistance and a trigger of the “Shark” pattern.
Trading plan for May 18
On Wednesday, the US dollar index failed to close at $93…
US Dollar could be looking for fresh highs
The US Dollar has been extending the bullish bias above the 200 SMA at H1 chart, but the resistance level of 93…
Trading plan for May 17
Trading on Wednesday was rather active and chaotic: in many pairs, there were some sharp intraday reversals…
USD/CHF: the franc has paused
Recommendations: BUY 1…
Trading plan for May 16
On Monday, the US dollar managed to gain a foothold and rebounded after a 3-day fall…
Gold (XAU/USD) still pointing to post further gains
Gold has been trying to consolidate its price action well above the 200 SMA at H1 chart and we can see that a corrective move could take place towards the Fibonacci level of 50% at 1313…
