US Dollar Index CFD Weekly - 14 - 18 Sept 2020
Technically, Friday's candle close below resistance key level & pricing is still pointing towards downtrend channel (Weekly mapping) see link related to ideas
We are still looking at choppy trading which is still trade below 94.00, price also made reversal on 2.618 fibo resistance key level on a downtrend channel
Trend is strong bearish and current consolidation looking for direction but anyhow on the longer timeframe we are expecting price to move lower towards median key level support on our weekly charting unless price break above 94.00 then indicates confirmation on new trend towards bullish
We are still looking at choppy trading which is still trade below 94.00, price also made reversal on 2.618 fibo resistance key level on a downtrend channel
Trend is strong bearish and current consolidation looking for direction but anyhow on the longer timeframe we are expecting price to move lower towards median key level support on our weekly charting unless price break above 94.00 then indicates confirmation on new trend towards bullish
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