DXY: Dollar Index Update: First positive signal for days on DXY
DXY: Doillar Index - double bottom at 96.8 - loss of downward momemtum - and trying to rally as per comment - all Dollar shorts should have been closed as per last comment by now...consider getting long $ for counter rally using DXY as guide and trigger.
Comment:
beautiful confirmation of Dollar rally beginning...hope you saw it come back to test downtrend line from above on 5 minute chart...should be long all USD pairs for next few hours now...
Comment:
must hold up at 97.03ideally and at 97.00 at lowest for this Dollar rally not to turn out as a false break...should hold that trendline now or will be forced to close down again and go flat awaiting next signal ...a break back above trend line or a break below 96.75 for fall to 95.10
Comment:
Too much information written in too much haste. Should have said that original resistance/old lows at 97.10 needed to be overcome to confirm short term bullish trend for DXY. My bad I believe. More speed, less haste. Apologies for that.
Anyway, a break above 97.10 confirms rally up to 97.43 most likely.
Still neutral until it does but think this is trying to turn round and rally more...and if wrong and DXY breaks below 96.75 it opens up the next aggressive short back to 95.10. Still think this last move down is likely - just not yet. However, that thought could be rproved wrong and it could break back down at any point - so we need an open mind here - neutral - back to awaiting next clear signal ...
Anyway, a break above 97.10 confirms rally up to 97.43 most likely.
Still neutral until it does but think this is trying to turn round and rally more...and if wrong and DXY breaks below 96.75 it opens up the next aggressive short back to 95.10. Still think this last move down is likely - just not yet. However, that thought could be rproved wrong and it could break back down at any point - so we need an open mind here - neutral - back to awaiting next clear signal ...