The dollar has been on a tear the last little bit, but it might be running out of steam.
Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation.
Bigger picture the dollar is on a downtrend from the last few months. It has been consolidating recently and it may be ready to move further down now.
Today we saw a swing high into the previous high of around 105 and rejected right back down. It might be a sign of weakness coming for the dollar as it forms a bearish rising wedge formation.
Bigger picture the dollar is on a downtrend from the last few months. It has been consolidating recently and it may be ready to move further down now.
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Trend lines are currently being respected.
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Potential Bart Simpson pattern around 105.200 - 105.300
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Good time to prep a short approx 106
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My current short, tight invalidation