The Dollar Is Strong Or Peaked.

The RSI index is also in the bull's eye pattern.

The only indicator of the pressure on the dollar is MACD.

After the formation of the dead fork signal and the rebound, the index again appeared dead ends.

Since last July,

The appreciation has reached an astonishing 25%, and the strong dollar has become the biggest concern of the financial market.

After the latest non farm data released at the beginning of this month, the US dollar continued to weaken under the weakening of US economic data, triggering an argument over whether the US dollar should be peaked or short adjusted.

With thirty years of trading experience, Gregory W. Harmon, who has worked as a senior executive in several trading companies, provides us with some clues to us dollar direction from a technical perspective.

On the EMA, Harmon said that the current 50 day SMA average is in a consolidation state, and the market has hit two times and rebounded from the EMA.

Since last year, as long as the brin rail has narrowed down, the US dollar has followed a rising trend.

Since March, the exchange rate has repeatedly tested the brin rail, and the index has begun to narrow, so the performance of this index is a good support for the US dollar.

After summing up a number of indicators, it is believed that in the current form, bulls are likely to rebound higher, but they can not exclude the risk of testing the next 61.8% withdrawal of target 97.03.

But 97.03 is likely to help the dollar regain its gains.

Therefore, no matter the short-term rise or fall, there will be no change in the bullish trend of the US dollar.

Harmon pointed out that after the dollar's rally was very sharp, the market did not begin to settle until 100.71 in March.

100.71 after the formation of the high position, the US dollar fell sharply in the two trading days, and then the two triangular forms formed the W bearish bat combination.

This week

The rebound has come down at the standard 88.6% level, and the downward trend has already completed the theoretical target 98.44.