Starting this week, I will also analyze DXY and NAS100USD!
Because it is the first analysis, I will draw a parallel between the 1-week chart and the 1-month chart, as follows:
DXY is in a strong downward trend and if for 1 week it rejected 3 weeks in a row from the Fibonacci 0.5 area, I expect it to continue the descent to Fibonacci 382!
However ... a close even for a day over the extremely strong area at Fibonacci 0.5, will make me think of BUY to the Fibonacci 618 area from where ... DOWN AGAIN
*** It is a very difficult week with many political events that will create a high volatility in the market and especially on this pair
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION: This pair may be influenced in the short term by any news!
This pair may be influenced in the short term by any newsOur analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.
Because it is the first analysis, I will draw a parallel between the 1-week chart and the 1-month chart, as follows:
DXY is in a strong downward trend and if for 1 week it rejected 3 weeks in a row from the Fibonacci 0.5 area, I expect it to continue the descent to Fibonacci 382!
However ... a close even for a day over the extremely strong area at Fibonacci 0.5, will make me think of BUY to the Fibonacci 618 area from where ... DOWN AGAIN
*** It is a very difficult week with many political events that will create a high volatility in the market and especially on this pair
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION: This pair may be influenced in the short term by any news!
This pair may be influenced in the short term by any newsOur analyzes have an accuracy of over 91% but due to market manipulations during this period we will avoid putting exact values on SL!
We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.