DXY 4HR Analysis – No Sign of a Reversal! Bull Channel Continues
DXY refused to fall below 4HR 200EMA support last week and had a fantastic bounce to the upside. This bounce solidified the current bull channel
DXY refused to fall below 4HR 200EMA support last week and had a fantastic bounce to the upside. This bounce solidified the current bull channel
USD/CAD broke out of weekly resistance last Thursday with some solid strength, touching 1.37850. The price action fell back down to the Daily 30EMA at
USD/JPY has been ranging between 148.300 and 149.300 since last week and has failed to break down to the 30EMA on the Daily chart. DXY
BTC has failed three times in its attempt to ascend to the top of the bull channel with three-pin bar bear candles closing on or
USD/CAD had a fantastic move to the upside the first week of October which came to an end with a nice double-top reversal pattern last
USD/JPY showed a strong sign of bear pressure on Tuesday last week when the JPY ripped to the downside for a brief moment. At this
JPY showed a quick bout of bull strength on Monday and Tuesday of last week only to fall back down to the bottom of the
Last week, DXY bounced off of previous support at 106.00 and had a nice bull bar to the upside, reaching 107.350 before reversing back down
We may be nearing the time when the Dollar finally pulls back, and the Yen stops bleeding out. We have several data points in favor
JPY is forming a beautiful descending wedge and after 13 weeks of formation, the time may be near for a pullback to the previous resistance.