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AlgoVenture
May 18, 2019 3:56 PM

Dollar: Weekly Forecast 20th - 24th May Long

U.S. Dollar Currency IndexTVC

Description

The dollar has shown that the consolidation has completed as it headed north through the whole of last week.
Every indicator is in favour of a bullish dollar such as the 20,55 and 200 moving averages that are pointing upward, the Bollinger band that has opened its mouth, and the MACD has crossed upwards above level zero.
The low and the high keep getting higher as it rises through a 4-month rising channel.
This week, we are expecting the dollar to keep rising and should the price were to retrace in the beginning, the price is likely to rebound off the demand zone below 97.6.
Comments
jasonwhite
If you want the community to participate and understand your chart, then please make it simpler and cleaner so its easier to understand. No one will spend 5 minutes trying to understand what you're saying. Its supposed to take no more than 30 seconds.
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