USDX: The Bearish Probability on the Weekly chart was

Tian Kriek

Analyst


November 24, 2020 11:57 AM

BEARISH

Daily Trading Range: N/A
USDX: The Bearish Probability on the Weekly chart was confirmed due to the fact that the weekly candlestick closed below the counter trend line. I expect price to continue falling to the Fibonacci 1.27 extension (Natural support). On the Daily chart I can see that price is also in a Down Fibonacci ABCD swing and therefore we have alignment. I am looking for selling opportunities on the USD Basket Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-ny-workspaces_5/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 12.2580
Resistance 2: 12.0000
Resistance 1: 11.8000
Current Price 11.9270
Support 1: 11.7300
Support 2: 11.3330
Support 3: 11.0000

Two Hour Chart

Two Hour Chart
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