nerdy007

Dollar Bullish Run

nerdy007 Updated   
TVC:DXY   U.S. Dollar Index
The Dollar DXY is very strong and it has been maintaining the upward momentum. Looking toward the heights in the highlighted area. This shows how the pair is finding strength. It will be great to see how the price will actually formulate a movement that results in profitability.

The main issue here is to find a way to make a consistent profit in zones that we can consistently discover and utilize. The most important consideration is support and resistance according to price action that forms a decision matrix. This is an if-then scenario that we utilize in order to make sense of price action and tape reading. The gems are only for diligent seekers and the momentum is the force of gravity. Price is pushed or pulled by momentum and the candles will tell us the entire story as it unfolds in real time.

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Looks like a break of the trend line. At this moment we have to be cautious and wait for a confirmation of a reverse in momentum according to the price action. if the dollar keeps falling, we are looking toward the trend line for a bounce or break.
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the dollar played a lot of dribble
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