Hi Traders,
I have for you here a detailed analysis on the U.S. Dollar Currency Index. This market analysis is just an attempt to predict future price movements, feel free to disagree as this is just for educational purposes...
To be concise, from where the current market is I foresee a drop out of the leading diagonal till around the 91.000 level, I then would expect to see a bounce to the 96.000 level. If and when price reaches this level, I foresee another move to the downside till around the 87.000 level. The 87.000 level could be a key level to take profit if you decide to partake in the down movement because based on the bigger/ daily structure around that level (87.000) we may possibly have an impulsive move to the upside which may also mean that we have reached the end of the larger timeframe correction.
Hopefully this is clear enough and makes sense albeit this is not financial advice:
Trade at your own risk!
Thank you
May pips be upon you all!
I have for you here a detailed analysis on the U.S. Dollar Currency Index. This market analysis is just an attempt to predict future price movements, feel free to disagree as this is just for educational purposes...
To be concise, from where the current market is I foresee a drop out of the leading diagonal till around the 91.000 level, I then would expect to see a bounce to the 96.000 level. If and when price reaches this level, I foresee another move to the downside till around the 87.000 level. The 87.000 level could be a key level to take profit if you decide to partake in the down movement because based on the bigger/ daily structure around that level (87.000) we may possibly have an impulsive move to the upside which may also mean that we have reached the end of the larger timeframe correction.
Hopefully this is clear enough and makes sense albeit this is not financial advice:
Trade at your own risk!
Thank you
May pips be upon you all!