USDX: I am waiting for the up Daily D to be hit in order

Tian Kriek

Analyst


November 16, 2018 01:28 AM

BULLISH

Daily Trading Range: N/A
USDX: I am waiting for the up Daily D to be hit in order for the USD to start to weaken. There is a large bullish crown on the Monthly chart and the right tip of this crown must be formed still. In the event that the current up inner trend line is broken then I expect an immediate reversal Bearish

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 12.2580
Resistance 2: 12.0000
Resistance 1: 11.8000
Current Price 12.2530
Support 1: 11.7300
Support 2: 11.3330
Support 3: 11.0000

Two Hour Chart

Two Hour Chart