TVC:DXY US Dollar Currency Index
Comments on the chart
Comment: Price touched 100 today and fell back. We have seen similar scenarios before i.e first touch pullback and then another run which is usually successful. It is a bit overbought on the lower timeframes so a pullback is expected
Comment: Back above 100. I am looking for higher prices
Comment: Price is clearly out of the shaded rectangle.The chart is not updating I dont know why. I am bullish the $ and looking for at least 104. Price is overbought thought but what are indicators in the face of a determined upmove?
Comment: Price seems to have resumed its upward trajectory after a shallow pulllback. only time will tell if the pullback is over but I am overall bearish
@dead2live, The moving average having more weight. A small retrace might be in order.