USDX: The break of the down Outer Trend Line on the Weekly
Analyst
April 29, 2021 05:10 AM
BEARISH
Daily Trading Range: N/A
USDX:
The break of the down Outer Trend Line on the Weekly chart was confirmed and therefore I expect the USD Index to continue to strengthen. There is an UP ABCD swing on the Daily chart and the counter trend line was broken.
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Daily Chart
Daily Support and Resistance
| Resistance 3: | 12.2580 |
| Resistance 2: | 12.0000 |
| Resistance 1: | 11.8000 |
| Current Price | 11.7410 |
| Support 1: | 11.7300 |
| Support 2: | 11.3330 |
| Support 3: | 11.0000 |
Two Hour Chart
