Long dxy. Hourly divergence big bounce Panjang

U.S. Dollar Currency IndexTVC

Huraian

⋅ 23 Jul 2020 pukul 11.03

Here dxy is showing another big divergence on the hourly charts.

It’s actually currently slightly above the weekly low set around March. So here would see some shorts taking profits and bargain hunters stepping in.

Falling wedge as well. We can expect a move up to either of the red resistance lines for day trade profits.

Dagangan ditutup secara manual

⋅ 24 Jul 2020 pukul 10.00

See below for comment

Komen

breakoutfakeout

⋅ 23 Jul 2020 pukul 18.08

Great initial pump for some profit taking then a rip through the stop loss. Terrible news for dxy and really alternative currencies need exploring. But where? Crypto perhaps...

Lebih