Major Buy Signals For USD

What a move!

USD took us for a rollercoaster ride and it was a good one! First, USD was stronger after the FOMC, then weaker and then stronger again also due to the weakness of the EUR from the ECB. That was a great week!

USD/CAD finally broke the upper line of the ascending triangle, which gives us a buy signal.

USD/CHF finally broke the upper line of the flag and the green horizontal resistance, that is a strong buy.

EUR/USD denied the triangle and went much lower. Now, we see the bounce mostly caused by the long-term up trendline. Breakout can be lethal.

AUD/USD is having a great long-term sell signal. The price broke the up trendline and then, the lower line of the flag. Weekly candles are very bearish and the potential target is huge.

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