Finally I think the dollar is ready to bounce again. Today we printed a daily swing with divergence in most of the indicators I'm watching.
MACD, TSI, RSI is printing bullish divergence.
While my old megaphone top idea is working quite well I'm waiting for a powerful bounce in DXY in the following weeks.
The target is the 200 SMA (99.4-99.5) this level is also the neckline of the H&S pattern.
Why is that important? If DXY is bouncing all the USD pairs will follow.
SO I think USDEUR,USDJPY,USDHUF,USDCAD will bounce too...
MACD, TSI, RSI is printing bullish divergence.
While my old megaphone top idea is working quite well I'm waiting for a powerful bounce in DXY in the following weeks.
The target is the 200 SMA (99.4-99.5) this level is also the neckline of the H&S pattern.
Why is that important? If DXY is bouncing all the USD pairs will follow.
SO I think USDEUR,USDJPY,USDHUF,USDCAD will bounce too...