nmike

DXY weekly in RSING WEDGE

Long
INDEX:DXY   US DOLLAR CURRENCY INDEX
1
OVERALL TREND is BULLISH for DXY . There is a minor DIVERGENCE at top of bollinger band so there could be a minor correction down to the bottom of the RISING WEDGE ,after which the trend should continue upward.Any time you have price near resistance or support you have to start watching for candle stick reversal patterns and the length of the DPO bars.At the moment the last few candles pattern is still bullish .

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