Olu
Long

DXY: Long Term Direction Is Still Up IMHO

TVC:DXY   US DOLLAR CURRENCY INDEX
81 6 8
3 months ago
Comments on the chart
3 months ago
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
3 months ago
Comment: Back above 100. I am looking for higher prices
3 months ago
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?
3 months ago
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
PriceActionPmlani
3 months ago
I agree ... The Dollar wants to break $ 100 , I believe its going to give it all it can to do so.
Reply
PriceActionPmlani
3 months ago
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
Reply
Olu PriceActionPmlani
3 months ago
I am looking for a breakout too
Reply
dead2live
3 months ago
Yes
snapshot
Reply
dead2live dead2live
3 months ago
@dead2live, The moving average having more weight. A small retrace might be in order.
Reply
Olu dead2live
3 months ago
Yes I am looking for a retracement too
Reply
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