After the sell off in June the stock crossed into the oversold territory and is trying to reverse the trend upwards. The second long signal is the breaking above the downward resistance line, if it continues in the current course and breaks above 200MA this will signal a strong reversal.
TVC:DXY suffered a massive sell of earlier in the year just to snap the fall and bounce back up strongly. Looks like the greenback was supported by increasing interest US rates and the rising Treasury yields, but its hit the Oct 2017 highs. With the protectionist US policies and power and geo-politico-economic struggle between US and China, and US and the rest of...
Looks like Euro strength is going to keep driving the FX:EURJPY pair up. The price has consolidated in recent week and has formed a bullish flag, it could either break out or breakthrough to the demand zone and then bounce back up. Timing is paramount.
XAUUSD has run well ahead of itself and is taking a breather! You may be able to take some profits shorting it, but it's very risky trading against the main trend upwards. Bounce against 1320 is going to signal an opportunity to buy and go long. Weakening DXY is going to continue keep the yellow metal rising and I see no reversal for either of these assets in 2018.
The DXY has found some support following a recent dramatic fall. This seems more like a retracement in a primary downtrend rather than a reversal and I wouldn't go long at this point unless:
1. it breaks through the major resistance line and stays above it AND
2. breaks through and stays above the supply zone
Several indicators signal that XRPUSD correction is over:
1. Demand index formed bullish divergence whilst the price was making lower lows
2. RSI indicates oversold positions
3. The price bounced off the major demand zone
4. Bullish engulfing candle and confirmation candle on 4HR chart.