Dollar - Bullish Trend Confirmed
We kind of know that the dollar will dominate the market eventually but it was kept delayed.
The dollar has struggled to break new high since its peak 2 months ago.
And 2 months of ranging market also means that the phrase is about to change anytime.
As of now, we have an inverted H&S where the dollar successfully rebounded off from the second shoulder with a very strong bullish candle.
The MACD is also showing the fast MA crossing above the slow MA above level zero, and that's a strong sign of a bullish trend.
Will the dollar finally begin to dominate or would there be another disappointment?
Well, I suggest that we trade what we see. It's after all probability.
The dollar has struggled to break new high since its peak 2 months ago.
And 2 months of ranging market also means that the phrase is about to change anytime.
As of now, we have an inverted H&S where the dollar successfully rebounded off from the second shoulder with a very strong bullish candle.
The MACD is also showing the fast MA crossing above the slow MA above level zero, and that's a strong sign of a bullish trend.
Will the dollar finally begin to dominate or would there be another disappointment?
Well, I suggest that we trade what we see. It's after all probability.
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