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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Price action Long term trend is down Price retraced but failed to go higher Now price is making lower high and waiting for the break to move down to the next support zone
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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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Lets just look whats going around Fundamentally US-IRAN war is looming – Global tensions Whats happening – Gold is rising and so do stocks ( strange but true ) UK is getting ready to leave EU and Euro is planning how to get it done with no further harm China is supporting in finalizing trade […]
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Key points to analyse here Price has broken the trendline and horizontal support zone We have not seen an bullish candle and price is merely giving any major indication of reversal yet We will look for short opportunities around 1.30500
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What is your story ? Read chart like a story , wait for key level to break and then trade 1. See the previous reversal areas , Price got reversed on Bullish engulfing candle 2. Price is respecting the Uptrend line 3. Price action is lil weak and did not print strong bullish candle 4. […]
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Here are few stocks which can give long term opportunities to trade in 2020 2. Innoviva. 3. Vodafone 4.Walt Disney 5.Sinclair 6.Nexstar 7.Wendys 8.Royal Caribbean 9. Nathans Famous 10. Brinker International Join our telegram channel for more live trade updates
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Key points to note Price move in waves Was this a retracement wave and price will continue to rise after retracement is over Keep an eye for bullish signal Read our post on candlesticks to learn more about price action
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This could be an easy short term setup with good risk to reward ratio Just look at the rejection at the key indicated area and try to find bullish signal to go long
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