Dollar Index potential H&S Short

Description

⋅ Mar 3, 2014 10:35 PM

Weekly Dollar Index chart is showing a potential H&S. Confirmation would be a strong bull signal for Euro.

Comments

Mirandole

⋅ Jul 17, 2014 11:11 AM

Hi Leones !

Are you still bearish on DXY ?

Best Regards,
Serge

LEONES

⋅ Jul 17, 2014 11:19 AM

Not sure now. I will change my mind only if the dollar index goes above 81. Above 81 bullish below 79 bearish..

Mirandole

⋅ Jul 17, 2014 11:22 AM

Yeah 80.6-81.0 zone is hot. Good luck for your trades.
Serge

LEONES

⋅ Jul 17, 2014 11:25 AM

what's your opinion?

Mirandole

⋅ Jul 17, 2014 11:43 AM

It's currently hard to forecast US dollar moves. However, in case we touch 81.00 I'll be bullish targeting 82.67 first, if uptrend continues : 84.75.

LEONES

⋅ Jul 17, 2014 11:44 AM

yes i agree i think that is the way forward,

LEONES

⋅ Jul 17, 2014 11:45 AM

British pound is quite strong ...

LEONES

⋅ Jul 17, 2014 11:46 AM

unless it falls today....there is nice flag on the gbp/usd

Mirandole

⋅ Jul 17, 2014 11:54 AM

Well I wish you 1.7058 GBPUSD support hold.

Mirandole

⋅ Jul 17, 2014 12:30 PM

If you're in favor of the British Pound, I advise you to look at GBP against AUD. Nice pips there.