US Dollar Index found Support on the 38.2% Fibonacci Level and the Tentative Up Trendline. US Dollar Index price in between, Up Trend Line and Down Trend Line,. Is the US Dollar Index going Up or Down? Time will tell, this situation must be resolved. See Link - Related Ideas below. EUR / USD correlation, rejected by Resistance Line.
US Dollar Index looks bearish. If US Dollar Index will close the week under the support lines, 38.2% Fibonacci Retracement and Tentative Up Trendline, more downwards movement could be expected.
38.2% and 61.8% Fibonacci Retracement are the most popular Levels
I expect this market to either retrace to a lower sliding paralel and then make a nice rally up, or go up right from where it is now. Those new highs didn't make much progres to the upside, so it looks like it wanted to retrace deeper, before it makes any further advancements. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I...
All roads seem to be pointing to buy limit orders @ 1.4990 - 1.960. Price will likely head towards 1.5300 and turn back for the trend line and consolidate there for a bit and continue its long term rally. 1.4990 region is also a past lvl of support + 50% retracement + trendline, can anybody say confluence? There is also an intraday short setup here as well. Price...
Now it's just a debate: if the current up fork is going to hold or fail, as price has crossed it from its upper parallel to the lower one with ease. This market is in a very-long-term down trend, found resistance above 94 and then even below that level. Now it is about to say, whether it's going to stay within the fork or not. It can either turn into an overshoot...