I am forecasting this direction based off a rejection off 35000.00 to retest 33000.00 or a breach through 35000.00 to retest 38500.00.
I am using MACD to determine a confirmed direction. If MACD/SIGNAL make a cross and up through 0 line, 38500.00 will be in play. If MACD/SIGNAL divert under 0 line support retests are in play starting with 31000.00 followed by 29000.00.
Given the weekend volatility sentiment due to DXY relatively strong finish a divergence is very possible.
This will be a safe play buy or sell pending MACD play out. Patience is a virtue.
Please comment with thoughts and ideas. Thank you.
I am using MACD to determine a confirmed direction. If MACD/SIGNAL make a cross and up through 0 line, 38500.00 will be in play. If MACD/SIGNAL divert under 0 line support retests are in play starting with 31000.00 followed by 29000.00.
Given the weekend volatility sentiment due to DXY relatively strong finish a divergence is very possible.
This will be a safe play buy or sell pending MACD play out. Patience is a virtue.
Please comment with thoughts and ideas. Thank you.