The U.S. Dollar Index / DXY crossed today over the Falling Resistance of November's downtrend at the same time the 1day RSI broke above its own Falling Resistance.
This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term.
The long term pattern is a Channel Up but the short term is limited to the 1day MA50, which is where the July's rebound made a first stop.
Buy this break out and target 104.950 which is the top of the Supply Zone consisting of the 0.382 - 0.5 Fibonacci range.
Previous chart:
Follow us, like the idea and leave a comment below!!
This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term.
The long term pattern is a Channel Up but the short term is limited to the 1day MA50, which is where the July's rebound made a first stop.
Buy this break out and target 104.950 which is the top of the Supply Zone consisting of the 0.382 - 0.5 Fibonacci range.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon