Price is testing a key level. MACD divergence shows that we may soon have a reversal of this down move. If price breaks above this wedge pattern we should watch for a buy setup in order to go long
Almost like a spring that built up moment there, good chart, thank you
Fxprotrader
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You are welcome..
leeeon
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Hello, do you think it's valid only for this particular trade or are we experiencing overall usd weakness? Could you refer to this idea?
Fxprotrader
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Overall i think that Dollar Index will rise.. This chart you are showing is for short term trades. I agree with your chart, but overall i think dollar index will rise. But as you may know everything changes in the markets.