DX (US Dollar Index) Daily and Weekly Charts:
On the Weekly chart we see that the market made a Doji and then fell south. We have hit the "Zero line" on the CCI as well as the 200 SMA. We could get a bounce here as a 'zero line rejection' with 200 SMA as support.
On the Daily chart we have made a 'Harami' candlestick formation as well as a 'HOOK' from Extreem reading of less than -200
As long as the Low of Week is not taken out we should be looking at DX going higher.
On the Weekly chart we see that the market made a Doji and then fell south. We have hit the "Zero line" on the CCI as well as the 200 SMA. We could get a bounce here as a 'zero line rejection' with 200 SMA as support.
On the Daily chart we have made a 'Harami' candlestick formation as well as a 'HOOK' from Extreem reading of less than -200
As long as the Low of Week is not taken out we should be looking at DX going higher.