The dollar index moved in a downtrend mode remaining supported by the 79.33 (wave 5) barrier, the low for 2014. However, we can identify positive divergence between our momentum studies and the price action, indicating that the trend is running out of momentum and is posible to rally up.
Support: 79.33
Target: 79.78 (0.618 Fibonnacci) in 3 days (Gann)
Support: 79.33
Target: 79.78 (0.618 Fibonnacci) in 3 days (Gann)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.