On Monthly Dollar has been in a bullish rally wave for the past few years. Price recently did a retracement onto support, bullish structure is still holding and supporting price.
Weekly Although price did a strong pullback (drop), overall trend remains bullish as there is strong support from structure & price. Price formed what seems like a double bottom on monthly support zone. If structure fails to hold, price can fall into monthly structure.
On daily price is busy forming an uptrend from the monthly cluster support zone.
Weekly Although price did a strong pullback (drop), overall trend remains bullish as there is strong support from structure & price. Price formed what seems like a double bottom on monthly support zone. If structure fails to hold, price can fall into monthly structure.
On daily price is busy forming an uptrend from the monthly cluster support zone.