My short and medium term USD Index analysis
Hello Everyone,
right now its very hard o analyze the USD index due to the current circumstances at the market but i do believe that we should see for short term move higher to the are i identified in the chart which is going to have 3 confluences for me to move later lower. the 3 confluences are:
1. 3rd touch for the trend line (of the long / medium downtrend)
2. retest of the broken trendline (of the short term uptrend)
3. retest of the area from FIB (area between 61.8% & 78.6%)
this is my own analysis and i do base my trades on them. you do trade based on your own analysis, ideas and risk apatite.
right now its very hard o analyze the USD index due to the current circumstances at the market but i do believe that we should see for short term move higher to the are i identified in the chart which is going to have 3 confluences for me to move later lower. the 3 confluences are:
1. 3rd touch for the trend line (of the long / medium downtrend)
2. retest of the broken trendline (of the short term uptrend)
3. retest of the area from FIB (area between 61.8% & 78.6%)
this is my own analysis and i do base my trades on them. you do trade based on your own analysis, ideas and risk apatite.
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