🟢 Chart Analysis: U.S. Dollar Index (4H)
🔹 Trend: The chart shows an overall uptrend within a rising channel, marked by Higher Highs (HH) and Higher Lows (HL).
🔹 EMA Strategy: Price is consolidating near the 70-period EMA (98.667). Sustained trading below the EMA would signal weakening bullish momentum.
🔹 Resistance Zone: The blue box (99.083 – 99.567) is a key supply/resistance area where price was rejected after the last HH. Sellers are likely active here.
🔹 Pattern Strategy: The price is forming a potential head-and-shoulders/top pattern, hinting at a bearish reversal.
🔹 Target & Risk: If price fails to reclaim the blue zone and breaks below support, a short setup targets 97.116, aligning with channel bottom and a measured move (-1.89%).
🔹 Key Levels:
📌 Resistance: 99.083 – 99.567
📌 Support/Target: 97.116
Conclusion: Bearish bias below 99.083; a break of consolidation may trigger a drop towards 97.116. Watch EMA and channel support for confirmation.
🔹 Trend: The chart shows an overall uptrend within a rising channel, marked by Higher Highs (HH) and Higher Lows (HL).
🔹 EMA Strategy: Price is consolidating near the 70-period EMA (98.667). Sustained trading below the EMA would signal weakening bullish momentum.
🔹 Resistance Zone: The blue box (99.083 – 99.567) is a key supply/resistance area where price was rejected after the last HH. Sellers are likely active here.
🔹 Pattern Strategy: The price is forming a potential head-and-shoulders/top pattern, hinting at a bearish reversal.
🔹 Target & Risk: If price fails to reclaim the blue zone and breaks below support, a short setup targets 97.116, aligning with channel bottom and a measured move (-1.89%).
🔹 Key Levels:
📌 Resistance: 99.083 – 99.567
📌 Support/Target: 97.116
Conclusion: Bearish bias below 99.083; a break of consolidation may trigger a drop towards 97.116. Watch EMA and channel support for confirmation.
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join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
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t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
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.