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minorcontrastDetour

USDX is running out of breath

Short
US Dollar Index (PEPPERSTONE:USDX)  
minorcontrastDetour Updated   
PEPPERSTONE:USDX   US Dollar Index
Chart Patterns Technical Indicators
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chartpattern indicator
1) Rising wedge was formed.
2) Bearish divergencies on RSI and MFI.

Target could probably be somewhere around 98%.
Comment:
98$
Comment:
Bullish divergencies on RSI, Stoch, MACD and several other indicators on the 4-hour chart. Will make another high or gets rejected from 107.
Comment:
Trendline was broken on the 1-day chart, next big support lies around 103, 1-month chart is still overbought.
Comment:
Strong resistance lies near 108 and bearish divergencies are forming on the 4-hour chart on few indicators. High probability of rejection towards 106 or lower.
Comment:
Support on 108 is broken, we could see a retest next week.
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