US INDEX forecast. (01/08/2018)Hello Traders!
So, the weak uptrend tendency in suggested 5-th subwave of EDT pattern is possibly may continue. Please be care yourself in such risking situation.
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Dxyidea
Dollar index bouncing nicely off major support!The dollar index is bouncing strongly above major support at 93.39 (Multiple Fibonacci retracement, Fibonacci extension, Horizontal overlap support, bullish price action). The next major level of resistance is at 94.28 (61.8% Fibonacci extension, 100% Fibonacci Extension, Horizontal overlap resistance). The next major level of support is at 92.26 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,3,1) is bouncing nicely off our 2.8% support and has good upside potential.
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Long on DXY based on Inverted H&S Chart PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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