USD outlook

Nov 19

Watching the triangle closely—if the price breaks, shorting EUR, GBP, AUD, and NZD could present a strong opportunity. Patience is key as we wait to see how the new Trump administration shapes market dynamics. This is shaping up to be a solid long-term trade idea!

Nov 20

Trade active

Breaking Out of the Triangle: Signs of a Strong Directional Bias

In the dynamic world of trading, chart patterns often provide valuable insights into market sentiment. One such pattern, the triangle, is currently being tested as the price breaks above its upper boundary. This breakout signals the potential emergence of a strong directional bias in the market.

For traders, patience is key during moments like these. Rather than rushing in, waiting for further confirmation of upward momentum can be a solid and strategic move. Allowing the market to prove its strength can help reduce the risk of false breakouts and improve the likelihood of capitalizing on a sustained trend.

Staying alert for follow-through price action and monitoring key levels will be crucial as the market unfolds. A calculated approach to trading this breakout could pave the way for capturing significant gains in the days ahead.

Nov 22

Trade closed: target reached

The dollar has strengthened further, reflecting positive sentiment toward the greenback. Meanwhile, the euro and the British pound have faced significant pressure, favoring sellers. As we approach the new week, my focus will remain on short positions for euro and British Pound.