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?
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(1 year ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(1 year ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(1 year ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (1 year ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (1 year ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (1 year ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(1 year ago)
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!