2020-09-12

DOLLAR INDEX (WEEKLY CHART)

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
US DOLLAR ON WEEKLY CHART
 LONG TERM UP TRENDLINE AT WORK, THIS TRENDLINE IS VERY SIGNIFICANT,IT COMBINES THE MOST IMPORTANT FEATURES OF THE TRENDLINES, IN TERMS OF THE LONGER IT HAS BEEN INTACT AND THE NUMBER OF TIMES IT HAS BEEN TESTED , MOREOVER THE TRENDLINE HAS BEEN DRWAN FROM  BOTTOMS WHICH ARE FAR ENOUGH, ALTHOUGH IT WAS PENETRATED IN THE FOURTH POINT, IT WAS INDECISIVE ONE < 3% (PRICE FILTER
THEREFOR, BEWARE OF A REAL BREAKOUT OF THIS UPTRENDLINE, IF THAT HAPPENS, EXPECT  MORE SHARP DECLINE THAT MIGHT HIT THE BEGINNING OF THE TRENDLINE