tmsbauer
Short

US Dollar - Daily Trend Still Down - Short Risk Favored

FX:USDOLLAR   Dollar Index
18 0 0
US Dollar - Long-Term Trend Still Down - Short Risk Favored

Currently, USDollar             is still rising in a short-term uptrend, a correction to the longer-term downtrend which is still in place on the Daily/240min time frames. Price is nearing the 50% retracement level of that longer-term downtrend. So at this very moment (10:50 AM ET on 3/23), there is absolutely no reason to be holding short or entering new USDollar             positions.

However, if price does reverse and confirm with an Ichimoku breakdown on the 15min time frame, that will be the signal for me to go short across the majors on the USDollar             .

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out