FUNTRADER-Vera

2808 DXY a reverse signal is forming

Long
TVC:DXY   U.S. Dollar Currency Index
Hello traders,

DXY might just start to reverse after retesting the broken trend line on daily chart .
It might start its 3rd wave up to 94-95 zone.

Good luck on it.
And check with other currencies if you dont trade it.

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Comments

Only broker says sell gold buy dxy lol
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Dxy will down suffer , powell surrender , no more buy for dxy
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Now that the pattern of higher lows has been shattered, the recent pop again failing to take out prior high 93.99, means that all we are left with is a 3 wave counter trend bounce so far. Either thus is a very deep wave 2 or the next 5 waves down. Today's low at 92.20 is only 8 pips over the 92.12 low so far in Wave C.
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FUNTRADER-Vera EmptyEternity
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