themarketzone

Dollar tests 200 days MA before Fed - Range trading

TVC:DXY   US DOLLAR CURRENCY INDEX
2 months ago
Dollar Index             tests the 200 days MA line as resistance, right in the middle of its weekly trading range (94-98$)
As long as the 200 days holds as resistance, chances are that the index will test the bottom of the range again, near 94$.
In case of a close above the 200 days MA line, Dollar Index             will probably test the top of the range and the completion zone of a small Bat near 97$.

I'm focused on the range's borders for now (these are my different scenarios target zones).
If DXY             will close above 98$, next Sell Zone will be 100$

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2 months ago
Comment: Approaching pattern completion zone
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