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US dollar index bounced when hit rising trendline

Haynes6EU Posted 4 May  in #Trader's blog #Dxy #Greenback #Us Dollar Index
Hello Community,
USD has sold off after series of bad data and especial US GDP Q1 2015 and dovish tone from FED. DXY index bounce a little after hit rising trend line. Can the trend line hold? Is economic data in Q2 better? USD reversal or Bulls run only stop temporary? I don't know. Follow the chart and market will tell us and shows signal!
Regards,
Haynes
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The next resistance level for GBPUSD

Haynes6EU Posted 23 Apr.  in #Trader's blog #GBP #Cable #Gbpusd #Pound #Greenback
Hello community,
The pair GBPUSD has break 1.5 level and stand above this level few days and it seems that market is looking forward the next resistance level to jump in new short entry. That chart below shows me the next level around 1.516~1.518. This would be nice short setup with tight stop above 1.52! About timing: I think we should have to wait early next month!
Have a good trading day
Haynes
Ps: SMA(100) fit with Fibo 61.8% in the chart!
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GBP - USD - JPY analysis!

Haynes6EU Posted 17 Apr.  in #Trader's blog #Usdjpy #Yen #Cable #Gbpusd #Gbpjpy #Pound #Greenback
A quick view about GBP, USD and JPY.
- GBP: Economic data: CPI flat and near to deflation, unemployment rate continue to improve. Monetary Policy stance is neutral. Risk ahead: uncertain about the General elections on May 7th and worry about deflation.
- USD: is consolidating after seri of weak economic data and uncertain about time to start rate hike!
- JPY: After QQE, it seems that BOJ is waiting for more signal from economic data before make decision. Question for market is what is the parity…
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CommunitySupport avatar
CommunitySupport 20 Apr.

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Haynes6EU 20 Apr.

My opinion: GBP bearish; USD bearish or neutral and JPY neutral or bullish!
--> I means GBPJPY could be great pair to trade in the next coming months

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Haynes6EU 20 Apr.

Thanks Community Support for Dukat points :)

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