I'm closely observing DXY as the daily chart shows a nice steady uptrend. I have adjusted MACD to fit good LONG and ENTRY points (blue exclamation marks). MACD suggest that the price will go low, probably reaching 100.9 and may then go high again.
The price broke the long-term downtrend a few months ago in a newer and less strong uptrend.
The two possible scenarios are,
(1) The price goes low after the support and resistance levels come closer, giving the trader a 1:8 SHORT opportunity.
(2) In a less likely scenario, the price continues to go high, signaling the end of a nearly 4 year downtrend.
The price action has hit the long-term trend, giving us 2 possible scenarios:
Blue path: The price bounces at the long-term trend and continues to go high in a 1:3 win ratio.
Red path: Less likely given the past performances of FB, the price would break the support at ~114 and will continue to go low. No SHORT entry recommended in this case given the...
The price has finally reached a long-term trend and may bounce back. The three possible possible scenarios are:
Best scenario (green trend): The price bounces at the long-term trend and offers a 1:5 trade opportunity at the nearest resistance about 0.77.
Expected scenario (blue trend): The price bounces at the long-term trend and continues to rise steadily...
The 20's psychological barrier has been broken after Donald Trump winning the election and the price bounced at it. If the price fails to past the barrier A, then it may fall back to the long-term trend at B (yellow trend). If the price goes past A then we might see a slower and steady increase in price (green trend).