US DOLLAR INDEX - HIDDEN BEARISH DIVERGENCE - WHAT'S NEXT?
1. We have already plotted the
divergence from last week's
analysis.
2. Notice the daily candle rejection
that was closed yesterday. It's very
important.
3. I'm expecting another retest to the
downside in our golden fib at 107.033-107.700
4. If this level doesn't hold, a possible retest
on our 50ema is also possible.
5. Also note that anything can happen in the
market, so if you have a long position
for USD, place your SL to breakeven or
vice versa if you have shorts against USD.
6. If the current level holds, our next major resistance will
be at 110 psychological levels
7. As I've stated in my previous analysis,
there will be 4 major news on the USD that
will be happening this week including that one
later on.
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
divergence from last week's
analysis.
2. Notice the daily candle rejection
that was closed yesterday. It's very
important.
3. I'm expecting another retest to the
downside in our golden fib at 107.033-107.700
4. If this level doesn't hold, a possible retest
on our 50ema is also possible.
5. Also note that anything can happen in the
market, so if you have a long position
for USD, place your SL to breakeven or
vice versa if you have shorts against USD.
6. If the current level holds, our next major resistance will
be at 110 psychological levels
7. As I've stated in my previous analysis,
there will be 4 major news on the USD that
will be happening this week including that one
later on.
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.
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