Intro The Dollar has finally broken below the support level of $101.2. This level has held since January of this year and is also the 50% Fib level if we measure the retracement from January 2021 to the high in September of last year. DXY appears very weak on the chart, and bears look to Read More…
Technical analysis There is a consolidating pattern forming on 6C as the highs are slightly lower each time, and the lows are slightly higher each time. This range gives traders the possibility to make profits by selling the top and buying the bottom range. The top side range is around 0.75, and the bottom side Read More…
Overview It has been a while since we looked at 6B futures. Just like most other currencies, they are gaining grown against the Dollar. Pound traders that went long at the start of the year are up while the bears are struggling. Technical analysis There is an ascending triangle forming on the daily chart. This Read More…
Introduction Today we look at the Dollar index because it has a widespread effect on all markets. Generally, when the Dollar rises in value, stocks fall, and vice versa. It also drastically affects the Oil and Gold charts. Let us take a look at the technical formations that can give us a better idea of Read More…
Technical analysis The bulls are in control as the Dollar weakens. The Euro is strengthening, and it’s evident on the chart. Price has tested the zone within the gaussian channel and has bounced successfully out of it. This is a good sign for trend-following traders who wish to go long the Euro because the trend Read More…
The Euro has rallied 2.7% in three days, a large amount for a currency. Reason being, the collapse of svb bank and the easing of US job numbers. This indicates it’s likely the FED will not raise interest rates in the next meeting. The Dollar collapsed alongside the equity markets as fear spread. Technicals The Read More…
