• USD technical picture still looks bullish, supported by multi month ascending trend line
• There are 2 support lines, labeled in blue and
• Higher slope and steepness is called accelerating trend line, which signals a strong dominating bullish trend
• Index also supported by the orange multi year trend line resistance turned support now
• Next target on the upside is at 103 (2020 high) followed by 103.80 (2017 high) which, if broken, exposes the 2022 high at 105
• There are 2 support lines, labeled in blue and
• Higher slope and steepness is called accelerating trend line, which signals a strong dominating bullish trend
• Index also supported by the orange multi year trend line resistance turned support now
• Next target on the upside is at 103 (2020 high) followed by 103.80 (2017 high) which, if broken, exposes the 2022 high at 105
Ramzi Abou Abdallah, CFTe, CMT
♦️ Subscribe to my telegram channel for daily signals for free, link below:
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♦️ t.me/accu_trading