DXY Short-term outlook

11 feb 2021

Pattern: Bullish Megaphone on 4H.

Signal: Short-term buy as long as the Higher Lows trend-line is holding as the consolidation on the 4H MA200 (orange trend-line) is an indication of short-term demand. Additionally the RSI is on its Support Zone while the MACD is forming a Bullish Cross. Sell if the 89.900 short-term Support breaks. Attention, long-term the trend is bearish. Sell the spikes if you don't want to be buying short-term.

Target: The 4H MA50 on your buy and the 89.200 medium-term Support on your sell.

Long-term outlook:

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