empty
 
 

Forex Analysis & Reviews: Weekly analysis on the Dollar index for September 1st, 2022.
time 01.09.2022 04:04 PM
time Relevance up to, 15.09.2022 04:04 PM

This image is no longer relevant

Blue lines- bearish RSI divergence

The Dollar index is at its new weekly highs. Technically trend remains bullish as price continues making higher highs and higher lows. Is this a good time to open new long positions? Definitely not. Bulls should be looking to protect their gains. Bulls should be looking to raise their protective stops. Why? Because there are increasing signs that the upward momentum is weakening. The bearish RSI divergence is the most important signal of weakening up trend. Technically there is no reversal signal. This indicator and very precise in timing reversals, however bears should not get carried away. Major rallies start at overbought conditions and many crashes at oversold conditions. Although the oscillator is overbought and has already provided us with a bearish divergence, this by no means alone justifies a reversal in the up trend of the Dollar index. This is only an indicator, only a warning. Better be cautious. That is why we do not think this is a good time to open new long positions. We believe the upside potential is limited and a reversal is imminent.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Ký quỹ tài khoản của bạn với $3000 và nhận được $1000 nhiều hơn!
    Trong Tháng 02 chúng tôi xổ $1000 trong chiến dịch Chancy Deposit!
    Có được một cơ hội giành chiến thắng bằng việc ký quỹ $3000 vào một tài khoản giao dịch. Đáp ứng được điều kiện này, bạn trở thành một người tham gia chiến dịch.
    THAM GIA CUỘC THI
  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

Technical analysis of EUR/USD for February 06, 2023

The EUR/USD pair continues to move downwards from the level of 1.0785. Yesterday, the pair dropped from the level of 1.0833 (this level of 1.0833 coincides with the double

Mourad El Keddani 23:57 2023-02-06 UTC+2

February 6, 2023 : EUR/USD daily technical review and trading opportunities.

The market has remained under buying pressure until a plateau level occurred around the key-zone around 1.0800-1.0850. In the mean time, any downside movement towards 1.0300 should be watched

Mohamed Samy 19:34 2023-02-06 UTC+2

February 6, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 19:34 2023-02-06 UTC+2

February 6, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

Price action around 1.2340 was being watched for bearish rejection and a short-term SELL Entry. It was running in profits until the current bullish bounce has been expressed. Please take

Mohamed Samy 19:33 2023-02-06 UTC+2

Gold: downside continuation pattern

The price of Gold is trading at 1,867 at the time of writing above Friday's low of 1,867. The downside pressure remains strong, more declines are in the cards. Technically

Ralph Shedler 18:20 2023-02-06 UTC+2

USDJPY continues where it left of last week.

USDJPY is trading around 132.85 today after opening with a gap up. Price is approaching the 23.6% Fibonacci retracement of the entire decline. Last week price exited the bearish channel

Alexandros Yfantis 17:16 2023-02-06 UTC+2

Technical analysis on EURUSD for February 6th, 2023.

EURUSD is trading around 1.0740. Short-term trend has changed to bearish as price has exited the bullish channel it was in. Bulls were warned last week that a pull back

Alexandros Yfantis 17:11 2023-02-06 UTC+2

GBP/USD: downside continuation

The GBP/USD pair crashed after the US data on Friday. It has dropped as much as 1.2021 today where it has found support. Technically, the bias remains bearish despite temporary

Ralph Shedler 17:09 2023-02-06 UTC+2

Forecast for EUR/USD on February 6. Labor market data supported the bears

On Friday, the EUR/USD pair reversed once more in favor of the US dollar and continued a strong downward trend after securing under the corrective level of 200.0% (1.0869)

Samir Klishi 16:36 2023-02-06 UTC+2

Forecast for GBP/USD on February 6. The pound can't do anything about the information background

On Friday, the GBP/USD pair closed at the levels of 1.2238 and 1.2112 as it continued to decline, according to the hourly chart. Therefore, Monday's decline in quotes continues

Samir Klishi 16:22 2023-02-06 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.