Ashraf, in the IMT you wrote that USDX is well above the 79.2 channel support. Could you please show which channel do you mean? On this chart it looks like the channel support was around 80.4 and was actually brokenhttp://quotes.ino.com/chart/?s=NYBOT_DX&v=d6 Unfortunately I cant draw support there but its quite clear.
Looks like the daily trend resistance at around 1.3730-40 is broken. Next one is fib retracement at 3800, but is this a retracement or is it the trend change? Ashraf, could you comment on that?
Could you please explain, where 1.32 number comes from, from the technical point of view? May be I am missing something but it doesn't look like it was some strong resistance before, no significant Fibs close to it as well. Why 1.32?
Now we have reached 1.3850, which is just 30 pips above major 50% Fib, how would you estimate chances for this level to be a bottom. Do you think it is possible that USD will continue its downtrend from here?
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
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Gold, Yields & Nasdaq
Yields are breaking down, and may potentially extend towards 4.32%, which could imply further gains in XAUUSD and NASDAQ, depending on the outcome and inner details of the CPI. EURUSD...
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Unfortunately I cant draw support there but its quite clear.
Ashraf, could you comment on that?
Could you please explain, where 1.32 number comes from, from the technical point of view? May be I am missing something but it doesn't look like it was some strong resistance before, no significant Fibs close to it as well. Why 1.32?
Thanks for your help!
Best regards,
Arsen
Now we have reached 1.3850, which is just 30 pips above major 50% Fib, how would you estimate chances for this level to be a bottom. Do you think it is possible that USD will continue its downtrend from here?
Thanks!