If the candles pattern play out as it should, then the next candle in DXY should be a nice green candle and XAUUSD would be a red bearish candle.
Cross reference that with EURUSD and see if it falls nicely as USDCHF pair begins to climb up. This may take a week or so. Get ready for the greenback's roar!
Cross reference that with EURUSD and see if it falls nicely as USDCHF pair begins to climb up. This may take a week or so. Get ready for the greenback's roar!
Comment:
what a disappointment!!! It went down further to 89 price zone. no buying for now, watching closely
Comment:
The last 2 candles on the DXY chart is interesting. It is a long legged do ji pattern followed by a partial hammer pattern which is bullish. Let's hope this is a sign of reversal coming. If the next green candle close above 89.4, there would be a good sign to start buying.