Talking Points:
The DXY is maintained its bullish momentum after bearish trendline channel and not changed from our earlier post. Testing its bullish trendline. Break of it will expose next support level at 96.80 followed by 96.29. Alternatively, move above the 98.00 will test next resistance zone at 98.46.
Elliottwave perspective we support this bullish momentum in immediate near term future, and predicting primary for flat correction or triangle formation for wave 4. On alternate, this move already in move for wave 5. In both cases, we are bullish for dollar and believe it will be continue for near future. To receive instance trade update and analysis, please subscribe us on twitter handle hoagtrading
- DXY Technical Strategy: Bullish
- Support: 96.80, 96.29, 95.55
Resistance: 98.46, 99.66, 100.34
The DXY is maintained its bullish momentum after bearish trendline channel and not changed from our earlier post. Testing its bullish trendline. Break of it will expose next support level at 96.80 followed by 96.29. Alternatively, move above the 98.00 will test next resistance zone at 98.46.
Elliottwave perspective we support this bullish momentum in immediate near term future, and predicting primary for flat correction or triangle formation for wave 4. On alternate, this move already in move for wave 5. In both cases, we are bullish for dollar and believe it will be continue for near future. To receive instance trade update and analysis, please subscribe us on twitter handle hoagtrading
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.