Dollar Index | At Resistance | RSI at 85 on 4H | 1.414 Fib Ext
Fellow Traders,
Few signs that the US Dollar Index is at resistance.
1. RSI on 4H Chart is at 85.5 which is a resistance level that has previously been rejected off. Twice.
2. Price has extended to a 1.414 Fib Ext level, which is a common level for profit taking and thus potential resistance.
Tread carefully with this in mind as you trade pairs associated with the USD folks.
All the best,
Luke
Few signs that the US Dollar Index is at resistance.
1. RSI on 4H Chart is at 85.5 which is a resistance level that has previously been rejected off. Twice.
2. Price has extended to a 1.414 Fib Ext level, which is a common level for profit taking and thus potential resistance.
Tread carefully with this in mind as you trade pairs associated with the USD folks.
All the best,
Luke
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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.