USDX: The monthly trend is bullish. There is also an up

Tian Kriek

Analyst


September 13, 2019 05:45 AM

BULLISH

Daily Trading Range: N/A
USDX: The monthly trend is bullish. There is also an up Push Zone according to the Fibs. The market pushed bullish through the Weekly up fib 1.27ext at 12,350. There is an up Fib Swing on the Daily Chart with the Daily D @ 12,483. There is a bullish continuation Head and Shoulders pattern on the Daily AND the neckline has been breached. The target of the Head and Shoulders pattern is at 12,483 which forms a confluence with the Daily Fib D. This means the USD is likely to continue bullish to at least 12,483. I do see that the market almost hit the Daily D and H&S target. In the event that the up inner trend line is Breached then the USD will weaken

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 12.2580
Resistance 2: 12.0000
Resistance 1: 11.8000
Current Price 12.3630
Support 1: 11.7300
Support 2: 11.3330
Support 3: 11.0000

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?