FOREXEL
Long

USD DOLLAR - Waiting for pullback - Chart 2/3 - Renko style

FX:USDOLLAR   Dow Jones FXCM Dollar Index
12 0 2
Current ongoing leg is leg one out of 3. No pullback have begun just yet.

Since USD have completed a 3 leg downside movement after hitting fib 1.618 in the middle of April and hitting 0.618 - one can now see that it is going for 2.618 (not visible on chart) aim for 12200 for now.

The USD is now approaching a supply zone which should trigger the first pullback on this 3 leg movement. Once it starts then the below Demand zone @ 11850 ( ish             ) should hold and allow a re-entry long. If it doesnt hold then this analysis is invalidated.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out