USD Indx - Extremely bullish, but maybe overbought
Not a trade idea, just some observations of a strong bull mkt.
I don't say to go strategic short USD, but it looks a bit overbought again.
Daily: Bullish with widenning DMI but also with extremely high Slow Stoch. Watch MACD divergence! Will is persist or will it break with further USD blow up?
Bullish Supports are: 89,25-40 / 88,30(strong Kumo and trend support)
4 Hrs: Bullish on all fronts, but Slow Stoch is turning lower again.
Bullish Supports are: 90,25 / 89,60-70 / 89,00
I don't say to go strategic short USD, but it looks a bit overbought again.
Daily: Bullish with widenning DMI but also with extremely high Slow Stoch. Watch MACD divergence! Will is persist or will it break with further USD blow up?
Bullish Supports are: 89,25-40 / 88,30(strong Kumo and trend support)
4 Hrs: Bullish on all fronts, but Slow Stoch is turning lower again.
Bullish Supports are: 90,25 / 89,60-70 / 89,00