It’s been a busy week in the US Dollar as the bullish reversal continues to take-hold. This was in the spotlight during January trade as a number of reversal formations began to set up. Even coming into the New Year, the US Dollar carried bullish potential as shown by a falling wedge pattern. Falling wedges are denoted by a more aggressive slope from trendline resistance compared to what’s showing at or around support. These can often show up around market bottoms with oversold conditions, and will often be approached with the aim of bullish reversals. And for much of January, price action remained at least … (full story)
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