The dollar has been on a tear the last little bit, but it might be running out of steam.
Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation.
Bigger picture the dollar is on a downtrend from the last few months. It has been consolidating recently and it may be ready to move further down now.
Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation.
Bigger picture the dollar is on a downtrend from the last few months. It has been consolidating recently and it may be ready to move further down now.
Comment:
Trend lines are currently being respected.
Comment:
Potential Bart Simpson pattern around 105.200 - 105.300
Comment:
Good time to prep a short approx 106
Comment:
Trade active:
My current short, tight invalidation