Kumowizard

Buyers are not committed enough, bit of momentum problem

TVC:DXY   US Dollar Currency Index
59 0 4
Weekly:
- Ichimoku is neutral
- Heikin-Ashi is still bullish , but price reached 96,50-97,60 resistance zone marked by Kumo and trendline
- EWO             is neutral, value close to zero

Daily:
- Ichimoku setup is bullish , but we have trendline resistance at 97,50+
- I see some problem in Heikin-Ashi signal. Price action             is strange a bit. Market made intraday higher highs in last two days, but the candles just can't print a close above 96,50. haDelta/SMA3 also shows some problem with momentum. Buyers are not strong enough. If we have a momentum failure, then we may have a possible short term bearish wedge , which if breaks on downside, price will retest 95+.


Note: I cut quite some of my USD long exposure yesterday and this morning.

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