USDOLLAR Breaks a Support Line

| 21 augusti, 2015 | 0 kommentarer


USDOLLAR Breaks a Support Line

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The pull above a line that extends off of a April-June high negates anything bearish. Watch for support during 11970. A dump next 11918 (treated as a dermatitis day low) would prove that this dermatitis was ‘false’. There is a warning pointer from divergence with gold.”

-“Downside fortitude is still probable of march though debility next Tuesday’s low is now indispensable to be bearish…even for only a pierce to 11886-11918. A mangle above a parsimonious operation (on the 4th week) would display 12123/41.” Trading concentration is on 11886-11918 (this is support). A daily tighten next 11886 would trigger a bearish breakdown.

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Kategori: Analys från DailyFX

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