Trade weighted Dollar Index: At yearly support
Updated
The dollar has found support at a long term level in the yearly chart.
It's clear we'll see a dollar rally, specially against EM currencies for an extended period of time.
We can expect a move to 91.22, but if we manage to move above it, we could see uptrend continuation into the highs, and potentially new highs in the long term.
My reccomendation: Found viable long entries in USD against EM currencies, like the ones I've posted. Focusing on continuation will be an extremely profitable exercise.
See related ideas.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
It's clear we'll see a dollar rally, specially against EM currencies for an extended period of time.
We can expect a move to 91.22, but if we manage to move above it, we could see uptrend continuation into the highs, and potentially new highs in the long term.
My reccomendation: Found viable long entries in USD against EM currencies, like the ones I've posted. Focusing on continuation will be an extremely profitable exercise.
See related ideas.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Link to Tim West's chatroom: tradingview.com/chat/
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Note
Acting as expected. Solid support.Note
1 month almost retraced in full, seems promising.Note
Stopped dead on there...now back up.Note
Perfect.
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