Dollar Index Up 5%
The Dollar Index is up 5% since breaking above the resistance level at $103 in June 2022
and the buyers are looking strong for September so far.
Price was previously in consolidation between January 2017 and June 2022 and when
price consolidates for lengthy periods of time such as this, we can expect strong moves
in the direction of the breakout like we see at the moment.
There is a lot of clear space above price for it to continue climbing higher, so the buyers
may use this to their advantage.
This is the best time to look at the forex market, which has been sleeping for a number
of years now. Expect big long-term trends when markets come alive after a long period
of doing nothing.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
and the buyers are looking strong for September so far.
Price was previously in consolidation between January 2017 and June 2022 and when
price consolidates for lengthy periods of time such as this, we can expect strong moves
in the direction of the breakout like we see at the moment.
There is a lot of clear space above price for it to continue climbing higher, so the buyers
may use this to their advantage.
This is the best time to look at the forex market, which has been sleeping for a number
of years now. Expect big long-term trends when markets come alive after a long period
of doing nothing.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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