Nidal-Alzubaidi

DXY SHOWING WEEKNESS

Short
Nidal-Alzubaidi Updated   
TVC:DXY   U.S. Dollar Index
@ 99.2 CHART FORMED A BULL TRAP
@ 98.2 UP-TRENDLINE BROKE
@ 97.60 TRIBLE BOTOM BROKE (SELL CONFIRMATION SIGNAL )
MAIN TRENDLINE INDECATORS ARE SUPPORTIVE MA 50 & MA 200
SELL ON ANY STRENGTH
Comment:
LONG - AUDUSD / EURUSD / NZDUSD ALL SHOWING SIGNS OF DOLLOR WEEKNESS
CLIMBING THE WALLS OF WORRY
LOOKS GOOD
BEST OF LUCK
NIDAL ALZUBAIDI
Comment:
DXY CHART IS NEGATIVE ALL THE WAY TO 99.50]
WE'LL SEE
BEST OF LUCK
NIDAL
Comment:
Any upside swing of DXY is capped by the uper side of the symitrical triangle and the bottom side of the broken upetrnd at 99 MAX, whereas the downside is all the way to 97 the bottom side of the symetrical triangle
the current powers in control are committed to two things on the record
1- higher DJI ( 30K)
2- FEDS cutting intrest rates (or other means maybe using a executive order ) to lower the doller inorder to boost exports and the economy and push combativness of ameican goods and over ride the down cycle ...
By hook or by crook DOLLOR will go down
My chart is $ negative / fundamentals are negative
so there you go....
best wishes
Nidal Alzubaidi
Comment:
DXY is a basket of currancies of US major trading partners
EUR ~58% set to go up Against $
JPY ~14% traveling down against $
GBP~12% going up agaist $
CAD ~10% going up against $
SEK~ 5% going up against $
CHF~5% going down against $
in simple terms and crude way the percntage odds are stacked against the $ going up (I would say up to 85% chance or less )DXY could travel down
moreover AUD may strengthen against odds.
NZD is weakinning with no bearing on DXY
EUR Zone stabilizing (maybe)
best wishes
Nidal Alzubaidi
Comment:
DXY has more room down but support at 97.45 will take sometime to take off
anytime DXY hits 97 trend turns bearish
best wishes
Nidal Alzubaidi

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