Traders
Today is last trading day of July, so it is necessary to check it on monthly chart. It shows that DXY is about to close with a doji on monthly, meaning a sideways movement probably come in next 1-3 months.
On daily chart, a broken red trendline with bear signals is guiding price to move from 95.6 -93.18. This is current range for sideways movement for DXY.
In general, DXY is bearish to us .
Less is more!
Today is last trading day of July, so it is necessary to check it on monthly chart. It shows that DXY is about to close with a doji on monthly, meaning a sideways movement probably come in next 1-3 months.
On daily chart, a broken red trendline with bear signals is guiding price to move from 95.6 -93.18. This is current range for sideways movement for DXY.
In general, DXY is bearish to us .
Less is more!
Comment:
Comment:
We have a red trend line which is still valid.
We have a blue support line which is still valid.
And now DXY has a green line to break if it want to rehit the blue zone or make a new high level.
We have a blue support line which is still valid.
And now DXY has a green line to break if it want to rehit the blue zone or make a new high level.
Comment:
Comment:
Before new NFP tomorrow, dxy has found its support on 94.3 and now marching toward 95-95.5 again.
Bad news for OTHER CURRENCIES.
Bad news for OTHER CURRENCIES.