Coming to trading view to share what are the next potential moves for the Dollar Index.
1. Identify.
The dollar has been consolidating/Ranging for the last 12 weeks. The extent of this range is important to identifying what price is currently doing.
Sentiment. 4/22/2018. Beginning of the week. No USD news until Thursday. I dont believe there will be a motivating factor involved with taking the DXY out of this range. And there has to be fundamental follow through; for price to even commit to a upside, or down side trend. Major downward trend to over come. In order to commit, or confirm, upward trend. Or rebound.
It is important to analyze this price. As it can help with understanding the movement of all of its cross pairs.
At the break of the Major Trend Illustrated on the graph. We can look for potential longs at that time. Until then close attention to this.
Range Close Prices 90.40s- 88.64s
1. Identify.
The dollar has been consolidating/Ranging for the last 12 weeks. The extent of this range is important to identifying what price is currently doing.
Sentiment. 4/22/2018. Beginning of the week. No USD news until Thursday. I dont believe there will be a motivating factor involved with taking the DXY out of this range. And there has to be fundamental follow through; for price to even commit to a upside, or down side trend. Major downward trend to over come. In order to commit, or confirm, upward trend. Or rebound.
It is important to analyze this price. As it can help with understanding the movement of all of its cross pairs.
At the break of the Major Trend Illustrated on the graph. We can look for potential longs at that time. Until then close attention to this.
Range Close Prices 90.40s- 88.64s