Are $USD Bulls knocking on the door..?
Last week saw the DXY get knocked down below the 50ema once again as indecision surrounding the US Rate Hike continues to grip the markets. This time however the 200ema has crept up to meet the 94.00 support level.
Should price come down to this point it will also meet the backside of the descending triangle, giving stacked up confluence! A reversal signal here could very well bring the next Dollar Bull run!
But watch out for the Fed!
Should price come down to this point it will also meet the backside of the descending triangle, giving stacked up confluence! A reversal signal here could very well bring the next Dollar Bull run!
But watch out for the Fed!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.