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Friday 17 March 2017

Forex Analysis: USD is set to lose altitude - TraderMade: Tip TV Finance

Published on 17 Mar 2017
Steve Jarvis, Senior Technical Analyst scans the technical charts for DXY, USD/JPY, USD/CAD, EUR/USD, GBP/USD, AUD/USD, EUR/GBP and Gold. The conclusion being the American dollar is set to lose altitude in the short-run.

Point to be noted - Jarvis takes note of the head and shoulder and falling channel pattern on the Dollar Index. Doubters can take a look at the EUR/USD chart, which shows inverted head and shoulder formation. Both suggest the same thing - USD weakness.

Watch the full segment for key levels and technical patterns on Forex majors and Gold.

Tip TV Finance is a daily finance show based in Belgravia, London. Tip TV Finance prides itself on being able to attract the very highest quality guests on the show to talk markets, economics, trading and investing, keeping our audience informed via insightful and actionable infotainment.

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