Do you know Dokdo?
Dokdo is Korea Island!!
source:https://iscom99.blog.me
Chart with US dollar index and euro / dollar outlook. The US dollar closed lower this week to 97.28. The two-year high of 99.67 on October 1, a weak technical rebound wave on October 8, the resistance of the 10-day moving average line, and the downward pressure is deep. The USD index is currently closing on the 250-day moving average, but could move further down to the 300-day moving average of 25 June. The euro is rising in line with the falling dollar (falling dollar value), and other currencies are also strong.
Euro / Dollar daily chart. If you look at the upper left of the chart (April 2018), you can see that the value of the euro against the US dollar continues to decline. If you look back at the US Dollar Index daily chart, we can see that it moves in the same pattern. The downward pressure of the dollar index (not yet declining) has led the euro / dollar to rebound after peaking in line with the surge in the dollar index on October 1. This is a spike in the bottom and in the reversed order of trends. Of course, overshooting occurs at the current spike, creating a single peaking wave (working at the peak), a perfectly deceptive spot, and moving over 200 and 250 days, which was resisted and declined in June when overshooting. It will be near the mean line.
On the Euro / Dollar weekly chart, you should see a three-year decline from the 2014 high (1.39935) and a rise in 2017. It is better to follow the principle of selling rather than buying in the event of a sudden technical rebound in the same chart reverse arrangement as in the third quarter of last year from the downtrend to the present after peaking in April last year. The same applies to Korean stocks as well as the Euro / Dollar chart. Usually, most investors only look at the installment and daily charts, so they often follow the price when they soar! If you look at the weekly Candle Monthy Chart, you will be able to see the movement in the big wave.
If you look at the upper left corner of the Euro / Dollar monthly chart, you can see that in November 2009, the big wave fell, and the big wave rebounded. . In 2013, we saw a technical rebound, but because the trend was in a collapsed state, we are struggling to resist the balance of the balance. At the time I had a huge 20x return on the euro / dollar position.
Euro / dollar year rod chart. On the left side of the chart, the euro strengthened from 1998 to 2011, but the trend is declining due to the 2014 long-term beekeeper. In addition, the technical rebound following the decline in 2017 occurred, but the five-day moving average line that supported the candle in the trend of rising trend changed to the downward trend as the long-term beekeeping occurred in 2014. I can see it changes from resistance to resistance! In other words, the current euro / dollar rise is rebounding from the fall of the US dollar index, and you should be careful because the trend is in a reversed state.
SOURCE https://iscom99.blog.me
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