DXY US DOLLAR INDEX Update - 5th November 2014
DXY US DOLLAR INDEX Update - 5th November 2014
Daily Chart
- Approaching Resistance - haven't seen these levels since 2010
- Above there the next resistance is at around 89.00 however, in this range it could be very choppy according to the price action from 2004-2006
- Although False breakouts are statistically lower odds than real breakouts, the chance for a false break / or reversal are higher due to the obvious negative divergence on MACD and RSI. Perhaps we will know by end week as we have Non Farms on Friday.
Outlook Trade opportunity
Cautious at these levels
Risk Level __
Tips -
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