DXY Short-term outlook
Pattern: Bullish Megaphone on 4H.
Signal: Short-term buy as long as the Higher Lows trend-line is holding as the consolidation on the 4H MA200 (orange trend-line) is an indication of short-term demand. Additionally the RSI is on its Support Zone while the MACD is forming a Bullish Cross. Sell if the 89.900 short-term Support breaks. Attention, long-term the trend is bearish. Sell the spikes if you don't want to be buying short-term.
Target: The 4H MA50 on your buy and the 89.200 medium-term Support on your sell.
Long-term outlook:
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Signal: Short-term buy as long as the Higher Lows trend-line is holding as the consolidation on the 4H MA200 (orange trend-line) is an indication of short-term demand. Additionally the RSI is on its Support Zone while the MACD is forming a Bullish Cross. Sell if the 89.900 short-term Support breaks. Attention, long-term the trend is bearish. Sell the spikes if you don't want to be buying short-term.
Target: The 4H MA50 on your buy and the 89.200 medium-term Support on your sell.
Long-term outlook:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> xBTala
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