Falling wedge on the dollar may break through resistance again
This chart shows pattern repetition, a falling wedge breakout, resistance and support levels drawn in using rectangles, and directional movement oscillators that show directional movement has shifted upward.
These technicals look bullish in the intermediate term (next 3-6 months) and don't suggest much about the short or long term. It would make sense to see a dollar rise if stock market selling and rising bond yields continue. I'll be glad to answer any questions.
These technicals look bullish in the intermediate term (next 3-6 months) and don't suggest much about the short or long term. It would make sense to see a dollar rise if stock market selling and rising bond yields continue. I'll be glad to answer any questions.
Order cancelled:
Doesn't look like my thesis was correct. It could still be in terms of final direction, but I'm not looking at this idea as something that is playing out as anticipated anymore because I didn't consider there being this much of a dip.