Simple setup of the two possible outlooks of the USD Index trading in a bullish wedge. Both Outcomes presenting a chance for long term buying and short term sell offs inbetween.
A potential head and shoulders pattern forming. US Dollar seems to be looking up and definitely will see a recovery in the next few months. what do you think?
The Bears currently having their victory in reversing the direction of the market seeing as we have reached a resistance level (Trend line). Still waiting to see what actually happens because stock still remains a safe haven for investors dispite the recent sell off's in stocks and the bulls could come back to push the market up to 12500 levels like it has done...
Good Day Traders. The Fiber seems to be trading in a upward channel above the 1.1700 levels. Short term we can look for a buy, but in the near future we can expect to go short as a retest at the previous resistance is possible.