USDX: The counter trend line on the Weekly chart has been

Tian Kriek

Analyst


July 7, 2020 07:05 AM

BULLISH

Daily Trading Range: N/A
USDX: The counter trend line on the Weekly chart has been broken. The current Weekly candlestick opened on the outside of the counter trend line. This means that price is about to start moving to the Fibonacci D extension. The Direction of Highest Probability is Bullish. There is also an UP ABCD swing on the Daily chart, confirming the Bullish bias. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-7-jul/

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
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