Finally we have a clear reaction at a key support retest (90.00) that being a high volume pivot as expected. Although DXY dumped 90.00 has been an established support with DXY previous momentum. Correlating pairs to DXY such as USDCAD have matched major support retests as DXY.
Our indicators with help confirm continued momentum off our support pivot. MACD/SIGNAL are setting up to make a clean cross with Histogram bins correcting. RSI is deep enough in the oversold zone to breach for the oversold zone pushing the trend through first retest to retest top resistance at 91.00.
Furthermore, I added a super trend indicator which will ultimately confirm a change in trend from the bottom support pivot. When a bullish bar intercepts the sell super trend (red line) a buy super trend will trigger (green line).
Our pivot zone is mapped between 90.500 and 90.700 which follows previous uptrend play within mapped zone.
Please comment with thoughts and ideas. Thank you.
Our indicators with help confirm continued momentum off our support pivot. MACD/SIGNAL are setting up to make a clean cross with Histogram bins correcting. RSI is deep enough in the oversold zone to breach for the oversold zone pushing the trend through first retest to retest top resistance at 91.00.
Furthermore, I added a super trend indicator which will ultimately confirm a change in trend from the bottom support pivot. When a bullish bar intercepts the sell super trend (red line) a buy super trend will trigger (green line).
Our pivot zone is mapped between 90.500 and 90.700 which follows previous uptrend play within mapped zone.
Please comment with thoughts and ideas. Thank you.