Kumowizard
Short

DXY - USD pull back? Maybe

INDEX:DXY   U.S. Dollar Index
148 0 5
Well, it may finally happen.

Daily (Heiken Ashi candles):
The main trend is of course still bullish , but there is one remarkable change in the smoothed price action: today's Heiken Ashi candle may change colour, or may print a doji , which given how overbought the USD is, could finally indicate a correction. Watch the closing and also the next daily Slow Stoch sell signal to confirm. In case the retracement tgt             is 90,20.

4 Hrs             (regular candles):
Pop up fro Kijun Sen, but no higher high, and Price started to drop a bit again. Chikou Span is hitting Price candles, ADX started to decrease slowly. It seems like some kind of consolidation has started. Can it make a local top here and start a correction lower? It is a bit too early to decide, but there is some chance if it can not print a higher high soon and if Tenkan crosses below Kijun Sen.
Support levels are: 91,80 / 91,20 / 90,20
For a counter trend signal it should really break the 91,25 support. Of course a break below 91,80 you can trade as a weak sell signal, but until it trades between 91,20 - 92,00 (above 100 WMA and Senkou B line), we have to call it a consolidation.

Not that easy to fade the bull this time and trade a swing short. Be careful with position sizing and stop placement!
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out