I see the DXY move lower to the 100.090-70 zone to complete a Crab formation. Using correlation, this offers upward pressure in EURUSD, GBPUSD, and NZDUSD.

We break down the patterns.

The analysis, data and visual graphic charts or pictures contained herein are provided “as is” and without warranty of any kind, either expressed or implied. Educate2accumulate, contractors or employees, or any third-party data provider, shall not have any liability for any loss sustained by anyone who has relied on the information contained in any Educate2accumulate publication. All products and services of Educate2accumulate are sold as information services for investors and traders and are not personal recommendations to buy or sell securities or any other type of investment, nor an offer to buy or sell securities or any other type of investment. The publishers of Educate2accumulate and all other products and services of Educate2accumulate are not brokers and are not acting in any way to influence the purchase or sale of any security. All opinions expressed herein are subject to change without notice, and you should always obtain current information and perform due diligence before trading. Past performance is not a guarantee of future results. The Subscriber to Educate2accumulate educational service agrees they will not hold Educate2accumulate or any of its employees, partners, and/or affiliates liable for any trading decisions or actions taken by the Subscriber based directly on the educational posts placed in the live trading room. We recommend that anyone trading financial markets should do so with caution and consult with a qualified independent financial advisor or professional investment consultant before doing so. Trading can be a risky proposition, and traders may lose more than their original account deposit. The act of subscribing to this website acknowledges your agreement to the terms and conditions stated herein.

Feed news Join Telegram

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD extends slide to fresh two-week lows below 1.0400

EUR/USD extends slide to fresh two-week lows below 1.0400

Following a short-lasting recovery attempt in the early European session, EUR/USD has met fresh bearish pressure and declined below 1.0400. The dollar continues to gather strength amid risk aversion as investors await the PCE inflation data from the US.

EUR/USD News

GBP/USD stays below 1.2150 ahead of US data

GBP/USD stays below 1.2150 ahead of US data

GBP/USD is having a tough time gaining traction and trades below 1.2150 on Thursday as the dollar holds its ground in the risk-averse market environment. The US Bureau of Economic Analysis' PCE inflation data will be looked upon for fresh impetus.

GBP/USD News

Gold stays on the back foot, retreats toward $1,800

Gold stays on the back foot, retreats toward $1,800

Gold has lost its traction and declined toward $1,800 following a consolidation phase in the early European session. Although the benchmark 10-year US Treasury bond yield is down more than 1%, the broad-based dollar strength weighs on XAU/USD. 

Gold News

Breaking: Bitcoin price drops below $19,000

Breaking: Bitcoin price drops below $19,000

Bitcoin price has breached a critical area of support over the past few hours, dipping below $19,000. Transaction history shows that a large number of addresses acquired BTC above $20,000. 

Read more

FXStreet Premium users exceed expectations

FXStreet Premium users exceed expectations

Tap into our 20 years Forex trading experience and get ahead of the markets. Maximize our actionable content, be part of our community, and chat with our experts. Join FXStreet Premium today!

BECOME PREMIUM

Majors

Cryptocurrencies

Signatures