Tanalys

USDOLLAR Trades to New High but Close is Uninspiring

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-USDOLLAR has traded through the December and January highs. Action since 11/19 is sloppy but higher highs and lows are in place.

-The move above 10727 opens up the 8/20 high at 10812 as well as a measured move at 10835 although a wider period of ranging is possible, especially following today’s uninspired close.

-A poke above 10728 would make 2 consecutive outside weeks.

LEVELS: 10631 10653 10688 | 10750 10812 10835

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

Exit mobile version