DXY-has signaled a buy signal on the hour chart.
For the three indicators above the chart......
The RSI / Stochastic indicator (top) hit bottom and has headed up.
Vortex (middle) is bullish, green over red.
The phase energy (lower) is above zero and green, indicating buying pressure.
Prices are trading above the Ichimoku Cloud, prices are above the (red) cloud conversion line, prices are above the cloud (black) baseline,
(the baseline and conversion lines are also rising, indicating upwards momentum),
and the Alligator has opened its jaws and is feeding in the uptrend.
Targets: based on the one hour chart,:
1st Target: Fibonacci retracement .382. (94.99).
2nd Target: 50% retracement (95.28).
3rd Target:: Fibonacci .618 retracement (95.57).
At each target I would check the primary indicators to determine if they are still strong, or fading.
As always, good luck to you on all your trades. Don.
For the three indicators above the chart......
The RSI / Stochastic indicator (top) hit bottom and has headed up.
Vortex (middle) is bullish, green over red.
The phase energy (lower) is above zero and green, indicating buying pressure.
Prices are trading above the Ichimoku Cloud, prices are above the (red) cloud conversion line, prices are above the cloud (black) baseline,
(the baseline and conversion lines are also rising, indicating upwards momentum),
and the Alligator has opened its jaws and is feeding in the uptrend.
Targets: based on the one hour chart,:
1st Target: Fibonacci retracement .382. (94.99).
2nd Target: 50% retracement (95.28).
3rd Target:: Fibonacci .618 retracement (95.57).
At each target I would check the primary indicators to determine if they are still strong, or fading.
As always, good luck to you on all your trades. Don.