The Dollar (DXY) index can give us an idea where major markets may move in comparison to the strength of USD.
I am seeing a compression formation in the form of a wedge which may be classified as a reversal pattern. We are approaching the 200 EMA which will likely be strong resistance.
The dollar found strong support at the monthly liquidity level with an immediate reaction.
It's possible we will see some volatility over the coming weeks as price decides which direction is wants to move.
Looking for a potential pop up to 104 / 105 into our weekly resistance zone before continuing the down trend. Most indicators are showing oversold regions after the dollar has been dropping over the last few months.
What are your thoughts?
I am seeing a compression formation in the form of a wedge which may be classified as a reversal pattern. We are approaching the 200 EMA which will likely be strong resistance.
The dollar found strong support at the monthly liquidity level with an immediate reaction.
It's possible we will see some volatility over the coming weeks as price decides which direction is wants to move.
Looking for a potential pop up to 104 / 105 into our weekly resistance zone before continuing the down trend. Most indicators are showing oversold regions after the dollar has been dropping over the last few months.
What are your thoughts?
코멘트:
Hoping to see some resistance at these levels on the dollar as this wedge takes formation.
코멘트:
Fighting resistance
코멘트:
Pushing up, looking towards my daily level at roughly 104.600
액티브 트레이드:
Short Dollar from daily zone, 104.800 - 105.00
거래청산: 스탑 닿음:
dollar just ripping. Seems to be extremely strong. I wont be surprised if we pull back, but for now I will close this trade and look at better entries.
코멘트:
Looking for this bad boy to start coming down now.
코멘트:
As expected