US Dollar 4H (12.08.2014) Tech Analysis Training (EURsession)
The US Dollar 4H Diagram Technical Analysis Training (European Session) shows the following:
The USDollar after some consolidations has started a new uptrend move. The new support line is the reversal blue one. The USD has breached the Tenkan Sen and it is above the KUMO, which means that USD is strong bullish. The weekly diagram shows bullish trend and the monthly too.
The first thing I see in diagram is the reversal pattern. Now that USD has breached our previous target 10537 (1 of fib). Next target is 10603.
We have no special candlestick pattern. The price is above all ichimoku key indexes.
There is no special pattern except the long term reversal. You can see the fib levels.
Long USD. Stop loss if it stabilizes under 10555. The USA economy stabilizes the development indexes.
The USDollar after some consolidations has started a new uptrend move. The new support line is the reversal blue one. The USD has breached the Tenkan Sen and it is above the KUMO, which means that USD is strong bullish. The weekly diagram shows bullish trend and the monthly too.
The first thing I see in diagram is the reversal pattern. Now that USD has breached our previous target 10537 (1 of fib). Next target is 10603.
We have no special candlestick pattern. The price is above all ichimoku key indexes.
There is no special pattern except the long term reversal. You can see the fib levels.
Long USD. Stop loss if it stabilizes under 10555. The USA economy stabilizes the development indexes.
