Dollar Index Price Action Analysis - 30-day high level to be tested to continuing rally
by
, 05-23-2016 at 06:53 AM (990 Views)
D1 price is located below 200 period SMA for the bearish market condition: the price is on bear market rally for the testing of 30-day high level at 95.50 to be crossed to above for the rally to be continuing.
If the price will break 95.50 on close daily bar from below to above so the local uptrend as the secondary rally will be continuing with the good possibility to the bullish reversal.
If not so the price will be ranging within the levels.
Trend:
- D1 - rally