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Elliott: The USD death-cross warning for FX traders
There's a 'death cross' in the USDJPY charts which could signal continuing softness in dollar strength. That's according to renowned technical analyst, Nicole Elliott who's noticed that the 50 day and 200 day moving averages have crossed in the pair.
While the US dollar is generally stronger this Friday, Nicole's charts suggest USD bulls shouldn't get too excited. She sees similar patterns in EURUSD and in the dollar index. Here she explains what her analysis is saying and how is could affect your forex trading.
03:05 minutes
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