Is anyone following the dollar index in weekly charts? The structure seems pretty clear.
Is anyone following the dollar index in weekly charts? The structure seems pretty clear.
Yes, and I agree with you, the diagonal seems to be ending, but look at the false breaks.
I don't trust the technical analysis in the DXY lately.
GBP/USD is very close to my critical area: 2.0840. If it reaches 2,0853, I close everything and expect confirmation of turn.
Right where I have strong weekly resistance, I think there's going to be war there.
If the BOE stays dovish, forget about a spin there.
In EUR/USD I have partial TP at 1.4985. The rest I let run. RSI is already in overpurchase zone.
Although I've already learned that overbuying on strong trends doesn't mean anything.
I would've shut everything down there, if you turn around, you're gonna want to kill yourself.
USD/JPY begins to recover momentum. I would not rule out seeing 117.50 soon if the feeling remains.
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