USDX: Even though the Monthly Major Up Trend remains intact

Tian Kriek

Analyst


July 16, 2019 07:36 AM

BEARISH

Daily Trading Range: N/A
USDX: Even though the Monthly Major Up Trend remains intact I can see on the Monthly and Weekly time frames that the Up inner trend line has been broken. The Probability is now Bearish. On the daily time frame I can see a bearish Crown with the D extension at 12,241. The Daily Autofib CTL has been broken therefore I expect the USD to weaken at least to 12,241. The StochasticRSI is ALSO overbought

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 12.2580
Resistance 2: 12.0000
Resistance 1: 11.8000
Current Price 12.3070
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?