Dollar: Weekly Forecast 10th - 14th February 2020
The dollar has climbed for 5 consecutive days last week.
The U.S. economic data released were all better than forecast except for manufacturing PMI that's somewhat shrinking.
During NFP, the dollar had a temporary pullback, probably due to overbought sentiment, but quickly picked up again and broke a 4-month high.
As the price continues to create higher highs and lows and shown no sign of reversal, the price is expected to climb further.
The occurrence of 5 consecutive bullish candles is not common and thus increases the odds of a pullback.
The U.S. economic data released were all better than forecast except for manufacturing PMI that's somewhat shrinking.
During NFP, the dollar had a temporary pullback, probably due to overbought sentiment, but quickly picked up again and broke a 4-month high.
As the price continues to create higher highs and lows and shown no sign of reversal, the price is expected to climb further.
The occurrence of 5 consecutive bullish candles is not common and thus increases the odds of a pullback.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.