azaboy21

azaboy21

DXY will possibly rise to 99.60

azaboy21

A few reasons why i believe the US currency index will go up 1) Ichimoku - on the 1HR chart ten-ken san has crossed over the Ti jan sen 2) on the 4HR chart candlesticks pattern shows that its a tweezer bottoms suggesting a reversal 3) on the Daily chart it shows a hammer suggesting a bullish reversal

azaboy21

The DXY may fall towards 97.85 level and possibly towards 96.62 on the daily chart. Tenken sen is below Tijun san on the Ichimoku cloud indicator for the the daily Chart. Be mindful of President's Trump speech later in the day which might escalate US-China relations which can impact the dollar.

azaboy21

The US dollar will rise to or close to 100.93 level as it has hit the 50 % level on the Fibonacci retracement level. For the Ichimoku cloud Tenken san is over Tijan sen on the daily chart so therefore ,I see a rise in the U$.

azaboy21

Support lies at 98.90 for DXY . On the 4 hour TK is still on top on the Tijan-sen line for Ichimoku Cloud.

azaboy21

Tenkan-sen crosses over Kijun-sen as shown on the Ichimoku . Expect further falls of the dollar $