Olu
Long

DXY: Long Term Direction Is Still Up IMHO

TVC:DXY   U.S. Dollar Currency Index
81 6 9
Comments on the chart
Comment: Price touched 100 today and fell back. We have seen similar scenarios before i.e first touch pullback and then another run which is usually successful. It is a bit overbought on the lower timeframes so a pullback is expected
Comment: Back above 100. I am looking for higher prices
Comment: Price is clearly out of the shaded rectangle.The chart is not updating I dont know why. I am bullish the $ and looking for at least 104. Price is overbought thought but what are indicators in the face of a determined upmove?
Comment: Price seems to have resumed its upward trajectory after a shallow pulllback. only time will tell if the pullback is over but I am overall bearish
dead2live dead2live
@dead2live, The moving average having more weight. A small retrace might be in order.
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Olu dead2live
Yes I am looking for a retracement too
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Im using weekly time scale by the way ...
The triple top is possible, but I think this move is that final attempt to break it
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Olu PriceActionPmlani
I am looking for a breakout too
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I agree ... The Dollar wants to break $ 100 , I believe its going to give it all it can to do so.
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