DXY is up this morning following Trump's speech.
The Dollar is making another attempt to break above 102$ and continue towards 105$ to complete the bearish Crab pattern.
102$ is still a level that you can try and short DXY (or go long Majors) but notice that the Dollar bounced from the trend line and the Fast MA line - This is a sign of strength... not weakness.
Next high impact event for USD will be Yellen's speech on Friday.
The Dollar is making another attempt to break above 102$ and continue towards 105$ to complete the bearish Crab pattern.
102$ is still a level that you can try and short DXY (or go long Majors) but notice that the Dollar bounced from the trend line and the Fast MA line - This is a sign of strength... not weakness.
Next high impact event for USD will be Yellen's speech on Friday.
Not
Failed to break above 102$ - Bearish sign? Still above uptrend - Bullish sign?
The Dollar can't find direction.
Critical levels remain valid.
Read my updates and more trading ideas - Link in signature
Not
Trend Line continues to provide support - Eyes on the Fed. Breakout above 102$ or a crash below 100$
We will know by the end of the week
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.