Perhaps the US dollar will fall into a stalemate and shock pattern today!

by Forex July. 11,2023
Perhaps the US dollar will fall into a stalemate and shock pattern today!

As the U.S. dollar index showed a wide-range sweep (mopping) market yesterday, it can be said that the school’s opinion is basically confirmed. In yesterday’s analysis, a warning was made specifically for the next move of the U.S. dollar index and hinted that the next move may not be possible. It will be simple, it is very likely that there will be a sweeping market, and a layout will be made for this possible market. At present, although the overall process is somewhat thrilling, it is still not dangerous in the end.

The reason why the U.S. dollar index shows such a sweeping market may have a lot of explanations in the market, and they all seem to be very reasonable; but in the school’s view, the U.S. dollar index shows such a contradictory trend, the fundamental reason is lack of confidence and the unfavorable situation. , The U.S. dollar index cannot effectively expand the market. It can only increase by one step, shake one step, and sweep one step. While using the rise to meet some demand, but also has to use the shock to consume some time, and at the same time use the sweep to strangle retail investors and institutions in the market. , It can be said that it is not anxious, laborious and laborious. It can be said that the current state of the U.S. dollar index is completely different from the previous state of one-stop response. The U.S. dollar index could cover the sky with one hand before, but now it can’t show even a little stronger mood at will. It can be said that the world is declining, ten years in the east. Ten years in Hexi.

With the passage of time, the current trend of the U.S. dollar index has also begun to fall into chaos. On the one hand, it has to maintain the inherent posture of the U.S. dollar index. On the other hand, it cannot strengthen or fall at will. This contradiction is very speechless, but It is also an inevitable manifestation of being caught in a shock pattern, but it is necessary to figure out how long this shock will last and how much fluctuation will there be?

Judging from the performance of the current daily chart, the U.S. dollar index may indeed fall into a stalemate, and it is not ruled out that it will go out of the market of three steps and two steps...but when will it start to rise and when will it start to fall, these are important Factors can only be answered by careful observation. Therefore, there may be some different changes in the market in recent days. You must be careful about this, so as not to be misled and deceived by the market, which may cause unnecessary losses!

Trading straregy:

EUR/USD:

The current situation is stalemate and complicated, and it is not easy to operate, especially in Europe and the United States. The position of the layout will directly affect the results of the transaction, and it must be handled with caution. Combining the board to give the following suggestions, refer to the operation as appropriate, and wet warehouse:

Short selling in the 1.1810-1.1820 range, stop loss 20 points, target 1.1790, 1.1770, 1.1750.

AUD/USD:

For the second currency pair operation today, you can choose to trade Australia and the United States. The idea is to sell short on rallies, just follow the trend. Give the following suggestions and refer to the operation as appropriate. Weak position:

Short sell in the 0.7355-0.7365 range, stop loss 20 points, target 0.7335, 0.7315, 0.7295.

gold:

Gold is currently in a state of looking for a direction. Although the overall bias tends to be bullish, the market is too flexible to effectively deploy.

Therefore, we will give you a wait-and-see advice today and wait until the situation becomes clear, then fight again!