US Dollar Ready For The Next Rally!
The Dollar Index bounced off the support level from the May 13th high a second
time on August 10th at $105.
Since the start of the year, price has been making a consistent pattern of higher
highs and higher lows, and this most recent pullback appears to be following this
same pattern.
We need to see now that the buyers continue to push price skywards and towards
the recent high from July 14th at $109.
If there is a break and close above that high, it will confirm a continuation of the
current bull trend in play.
Trends should follow a bullish move with the dollar in certain forex pairs that are
influenced by the dollar. This should result in opportunities in this market.
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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.
time on August 10th at $105.
Since the start of the year, price has been making a consistent pattern of higher
highs and higher lows, and this most recent pullback appears to be following this
same pattern.
We need to see now that the buyers continue to push price skywards and towards
the recent high from July 14th at $109.
If there is a break and close above that high, it will confirm a continuation of the
current bull trend in play.
Trends should follow a bullish move with the dollar in certain forex pairs that are
influenced by the dollar. This should result in opportunities in this market.
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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