The Dollars index just confirmed a trend reversal last week
We can clearly see the double bottom formation on the daily chart.
All the momentum indicators are on the upside.
A retrace is possible but as long as the price stay above the neckline of the pattern 97.91 I will remain bullish on the dollar.
We can clearly see the double bottom formation on the daily chart.
All the momentum indicators are on the upside.
A retrace is possible but as long as the price stay above the neckline of the pattern 97.91 I will remain bullish on the dollar.
Note
on a weekly chart the price is in a clear up trending channel.
bouncing off the 50 week EMA.
the RSI is in a contraction range and the stochastic crossing up signaling a new buy signal.
plus an hidden bullish div can be seen on the stochastic.
I'm afraid that for now the dollar remain a STRONG BUY.
Transaction en cours
that is a correction. Will the new support hold ? I don't know but if it does it will make you money.
Note
I'm not on the noise on this one but it seems just fine. STRONG DOLLAR, weak oil.Note
The market is never generous but always right.If I was on this train I would be long gone before having the chance to make a profit. Even with a good risk management.
I keep speculating on more upside.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.