Is this the death of USD dollar? What is DXY saying?
If you remember I wrote an article here on DXY saying that resistance was 103 here.
What I did in the Alien Room:
1. Short USDJPY around 116.80. Now 112.60
2. Long NZDUSD …Read More
Forex prices move before or after key events and data. It is important to know what’s ahead in forex calendar 1-2 weeks later. I have listed some important dates for 15-20 Aug 2016.
This week few events to look for on #forexcalendar 15 Aug -20 Aug
1. #AUD Aug 16 Tue – Australia Monetary policy meeting – #audusd is currently near to strong resistance, likewise, #euraud at strong support. I do not see any change in policy……Read More
-#EURCAD there are 2 levels which I marked in chart where I’m waiting for fill. Price just now at 1.4428 was near. I’m not rushing a trade, especially when tomorrow anything could happen.
However, briefly, even if it’s a #bremain , i believe that any burst up would be short life and as I pointed in webinar 21 June, that#GBPUSD is still heavily resisted.
– DXY at trapped between support and resistance. From recent price trend, suspect that #usd might strengthen. AGAIN, can only be more sure when it is hours before#FOMC. key level to note: 9350, 9250. If this support broken, then #usd weaken. I’m not sure whether Yellen will raise rate (I’m not her), but I’m afraid volatility might kill. However, at this moment i’m thinking that #usd to strengthenRead More