Ichimoku Update: $DX Dollar is approaching iMTF resistance of 96.165 very fast.

Ichimoku Update: $DX Dollar is approaching iMTF resistance of 96.165 very fast.   We wrote an article on how the Dollar held a support was trying to get to a multiple time frame resistance (https://www.ichimokutrade.com/c/?p=10507).

Below is the daily chart provided by eSignal.    We are approaching this resistance very fast.   If we approach it too fast, price can price it and go higher…. Timing has a big part of probabilities also.

2016-05-19_dollar_weekly

 

When price gets to this resistance, we will see what can happen based on the charts.

 

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About the Author Manesh Patel