A level of important trend formation when once formed tend to persist until evidently proven reversed. A bullish trend allows price to move higher highs and higher lows over a long period of time.
A level of important trend formation when once formed tend to persist until evidently proved reversed. A bearish trend allows price to move lower highs and lower lows over a long period of time.
- The U.S Dollar Index been through 1 year of Bear Trend from Year 2017 – Year 2018. Applied on the chart is the EMA200days.
- Since May Year 2018 the dollar flex its way up into a Bull Trend. Applied on the chart is the EMA200days.
- The dollar rose to its highest at $96.96 before falling into a correction up to recently as low as $93.39 at the EMA200days support.
- Now that the dollar rebounded from this support, $95.00 will be a very important resistant to take note.
- A break out from this level will bring further malnutrition state to the Asia Stock Market.
- A failure to break out but reversed all the way down or even breaking down the EMA200days support will bring cheers to the Asia Stock Market.
Read up on the U.S Dollar Outlook
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