Great news for Dollar bulls. On the weekly time frame the dollar index has finally broken the upper range.
This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks.
Previous down trend lasted 25 weeks if you start counting from the start of the channel.
If you like to hold position for a few days and make good pips then next week look for buy entries on the daily and 4 hour time frame.
This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks.
Previous down trend lasted 25 weeks if you start counting from the start of the channel.
If you like to hold position for a few days and make good pips then next week look for buy entries on the daily and 4 hour time frame.
Comment:
Good start of the week :) DXY target 96-98