Long term trend: Up
Medium term trend: Up
Significant Levels: 11690 (Horizontal Support), Uptrend, Channel
There is no doubt that the US Dollar is so strong right now, as also mentioned in the previous analyses. The price is making new highs and as can be seen in our chart, we cannot find a resistance right now as the price continues to go up. There's plenty of room for USD to further move up. We are very bullish here. Going Long is our only option here. Every dip or retracement could be our opportunity to buy this currency. We could also use the channel to determine whether the price is higher or lower than normal.
Remember to buy near the support area. Trade well.
Medium term trend: Up
Significant Levels: 11690 (Horizontal Support), Uptrend, Channel
There is no doubt that the US Dollar is so strong right now, as also mentioned in the previous analyses. The price is making new highs and as can be seen in our chart, we cannot find a resistance right now as the price continues to go up. There's plenty of room for USD to further move up. We are very bullish here. Going Long is our only option here. Every dip or retracement could be our opportunity to buy this currency. We could also use the channel to determine whether the price is higher or lower than normal.
Remember to buy near the support area. Trade well.