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- Long Analysis for USDX
Long Analysis for USDX
Technical View
In the Technical side, we see that the USDX has a strong uptrend supported by the confirmed Kumo breakout to the upside. Furthermore, we may notice that the Kumo is aggressively up and, the Tekan Sen and Kijun Sen are in a bullish formation presenting an uptrend as well.
The Chikou span is out of the price, showing us that the price is clear to move with no obstacles for the time being.
We may enter the market when the price bounces on the Kijun Sen (Yellow Line) and goes long. Moreover, we may detect that the dollar crosses positively but with caution.
It is recommended to see the technical, if shows as signs of weakness, and act accordingly, like a Kumo breakout signal to the downside.
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