DXY Possible Long Term Direction Analysis
EURUSD Possible Long Term Direction Analysis
GBPCAD Possible Long Term Direction
GBPAUD Possible Long Term Direction
Plots an EMA lime green when it's going up and red when it's going down. 2016 Credits to Glenn Dahlen for his generous mentorship.
information on chart.
The next targets could be fibo50%, to 1,120, and the next test of the trendline at 1,129, close to the 0.618 fibo important to understand if this bullish sprint really hiding something more than just a swing upward in a movement facing down... RSI+ MA seems now near a new attempt for a bullish momentum and direction.. The market movers that await euro-dollar in...
It seems like we are likely to form a pennant here. Give it some time before it breaks out / down. Keep an eye on volume for confirmation. Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable. Other annotations on the chart. Cheerz : ]