US Dollar - 1D - Turned Bullish?

TVC:DXY   US-Dollar Währungsindex
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Time frame:1D

This is an interesting one.. with the FED being less talked about in the last month or so we have seen the US Dollar start to rally slightly. I had noticed that the US Dollar had decreased by about 10% since just before 2017 started. In the last week we have just started to trade above the 50MA and testing the upper bollinger band .

As you all know one of the main indicators I use is the MACD . Looking at it, it is crossing over the centre line but is still not quite there yet. I feel this is going to lead to a grind higher in the next week or so. My target for this is in the pink zone which coincides with previous support and resistance way back since 2015. I do not normally get long the USD so this is a big move for me ;)
Could change with non farm payroll tomorrow.
+1 Antworten
@DanielTC, could do!! :) Lets see :D
couple of things of interest on the macd ..the Head and Shoulders pattern back in Nov to Jan period that started the down trend...and now the diverging momentum
+1 Antworten
SocialTrading RalphStPierre
@RalphStPierre, nice spot!! I had not seen that H&S back then! :) I like the fact that when the dollar started to decline, big banks were saying buy it... now it starts to decline and they are changing their tone again...
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