A daily sustained close above 96.50 will confirm the bullish break and will set in place the next leg higher for the greenback.
Feeling heavy up here after being rejected by overhead resistance... next up 7320 (lateral support)
Followers will know I have been bullish on the dollar for the while. The sideways consolidation here is bullish and the flag will be confirmed with a sustained break above 96.40
Been accumulating this ETF for a while and banking a decent monthly divi. Bullish set ups continue to form. Yesterday we saw a bull flag break and an inverse H&S will be confirmed above 38. Targets are 39 area
Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-tested
Rsi divergence coupled with some long tailed candles. Small long targetting 7085.. Stop at the todays lows
I think theres a decent RR on offer here for a small long... stop at this mornings lows. Targeting 7140, 7155 and 7180
We have been eyeing the bullish inverse head and shoulders that has been developing and we finally got our break today... onwards and upwards
After a false break higher out of the upward channel (bearish), the sell off has been relatively quick. Currently a bear flag building. First target is 7185 with lateral support coming in around 7140
Been waiting ages for a break on this ETF... its just looking more and more bullish. I think we can see an explosion higher when 19.15 eventually breaks targeting 19.80. Been building a position while it has been consolidating
Once again at the top of the channel. Bearish RSI divergence continues. Good RR for a short
Index has reached the top of the upward channel. I would expect to see a pullback here. RSI has failed to make a higher high in line with the price action, indicating divergence.
Looks like we about to see another bout of dollar strength after a brief pullback and consolidation. The RSI has re-set and 95 looks well within reach
I'm continuing to accumulate... Bull flag break looking very promising
I've been liking this ETF for a while - weekly set up very bullish with inverse h&s and bull flag. The move higher was initially very aggressive and I used it as an opportunity to take some profits. This pull back to the trend line is exactly what I have been waiting (&hoping for). Will use as an opportunity to keep averaging in
We hit target out the gates this morning, but the subsequent bounce has offered another opportunity to re-short. Stops at 7255. Targeting initially 7190, but would like to see 7150 tested. Month end today so volatility not unusual.
Index has broken upward sloping support and has been consolidating below prior support for the majority of the day. I favour further downside - looking initially for 7180 region.
It was disappointing that the 21.90 lateral support didnt hold, but I held onto my positions as the significant weekly 20.80 support was still in tact. As long as we remain above 20.80 the set-up remains bullish and could potentially be building up to form an inverse head and shoulder which will be confirmed with a break above 23.50. I continue to hold