USDOLLAR trade ideas
USDOLLAR before 0.51% decline... The exchange rate does not follow fractal rules for the time being. Therefore I used ATR axis strategy. The white ATR axis indicates that the exchange rate movement is strengthening towards the south. And the green and brown shafts are the standard MA100 and MA200 shafts. Currently, the intersection of the MA100 mirror axis and the ATR mirror axis has stopped further dollar index appreciation. Therefore, I expect further adjustment from this level. Target price is 12336.
DOLLAR INDEX BUYHi there. Price is forming a possible continuation pattern to the upside, but is not moving impulsively, so one more drop is possible. Anyway, the best way to see if price wants to go up is wait for it to form a continuation pattern on a lower time frame and watch strong price action for buy.