Dollar weakness has been a relief for sore eyes 👀.
Why?
Well Dollar weakness usually comes with the rise of all other correlated pairs alongside t the equities market, as we have seen since yesterday Tuesday July 11 are aiming at new Highs.
Expectations are for Dollar to reach the target of $99.5522
It is showing a very strong selling pressure and we will take a look again at this price to see some sort of reaction.
The Dollar has decisively broken thru the $100.44 mark while everyone else was expecting a bounce.
It is possible to see Dollar reach $97.22 before months end were I have placed the yellow line to indicate what I consider a weekly price target for Dollar.
While many are still expecting to see Dollar return or bounce back to $101.55 at least this will not occur until you start seeing a weakening of the downside push.
Why?
Well Dollar weakness usually comes with the rise of all other correlated pairs alongside t the equities market, as we have seen since yesterday Tuesday July 11 are aiming at new Highs.
Expectations are for Dollar to reach the target of $99.5522
It is showing a very strong selling pressure and we will take a look again at this price to see some sort of reaction.
The Dollar has decisively broken thru the $100.44 mark while everyone else was expecting a bounce.
It is possible to see Dollar reach $97.22 before months end were I have placed the yellow line to indicate what I consider a weekly price target for Dollar.
While many are still expecting to see Dollar return or bounce back to $101.55 at least this will not occur until you start seeing a weakening of the downside push.
Nota
Getting close to our targetDagangan ditutup: sasaran tercapai
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.