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xosignals
Jul 14, 2019 11:29 AM

The #dollar will determine the trend #DXY Long

U.S. Dollar Currency IndexTVC

Description

Please note the graph above:
The dollar returned to the range between support for 95.4 and resistance at 97.4.
In a normal situation, the recommendation is buying close to the support line and selling close to the resistance line, but not on this case as you can see that every time the dollar touched the 200 moving average line (yellow line) is back to rise and it can not be ignored.
In a typical scenario, the dollar will return to 97.4 in the first stage and in the second stage will rise to 98.3
In the scenario that the dollar falls below the average moving average 200, you can see this analysis as canceled
Comments
Bullandbeartrading
interesting range.
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