chiranjeev, Author at WorldFxClub - Page 26 of 34

EURNZD

Counter trend trade Ideally wait for bullish confirmation at 4Hr Can be a potential trend reversal too Stops can be placed just below the next support Not a great risk to reward , However if the trend changes it could be long term setup

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Dollar Index

The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains “strength” (value), compared […]

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AUDNZD

Few key points It broke the previous support and traded lower the recent trading range It recovered with some strong bullish candle Shall it break the trend line and continue to rise or it will fall once again to the next support level and then start rising We have closed our long position in some […]

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