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Some Risks Of Early Dollar Losses But Expect Gains Over The Day

Published 09/26/2018, 12:18 AM
Updated 07/09/2023, 06:31 AM

There’s not a lot to say to be honest. Overall, there is risk of minor dollar losses, perhaps consolidation especially in the Asian session. However, over the day we should just see Dollar gains throughout the pairs. Certainly USD/CHF is due a pullback but, most likely, it will be relatively shallow and over the day I suspect we’ll see it pushing higher again. There may be a risk of a little higher in GBP/USD as it has broken above the 4-hour Price Equilibrium Cloud. This could be a decent pullback for the dollar to maintain the upside.

There maybe a possible early dip in USD/JPY, but overall it will likely continue to push higher over the day. However, EUR/USD looks like setting a bearish outlook and that should see EUR/JPY beginning to see losses.

Equally, AUD/USD still has a bearish outlook…

Latest comments

In these 2 paragraphs several times You used the words maybe, could be , possibly, perhaps, risk , I suspect, you are in the wrong place writing here ...
Likely,, looks like,,, !!
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