More signals to support Dollar index to go up!
Updated
On the weekly, the candle formed this week seems a bit indecisive. However, the daily chart tells a different story!
It completed the pullback test and the wick candle formed on Friday marked the first try to go up within the week.
As long as my major defense zone holds, the MA crossover is inevitable next week which will support the index to higher. So, what can we get from this conclusion:
1. Forex setups in favor of USD
2. Short setups of commodities which tend to have negative correlations with the index.
It completed the pullback test and the wick candle formed on Friday marked the first try to go up within the week.
As long as my major defense zone holds, the MA crossover is inevitable next week which will support the index to higher. So, what can we get from this conclusion:
1. Forex setups in favor of USD
2. Short setups of commodities which tend to have negative correlations with the index.
Comment
Okie. Higher high is created.
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