Hi guys, the long term market barometer is showing another possible push to the down side for the USD. Both long term down trending resistance and short term up trending resistance held during the last consolidation. This suggests more weakness and another push down near 20.
I'll update if the USD reverses above either resistance level.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
I'll update if the USD reverses above either resistance level.
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
Note
The USD is above resistance. We need to wait for this leg to close, but it looks like a reversal for the USD into strength:Note
Double head-fake? This doesn't happen very often:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.