chartwatchers
Long

USD in a panic selling stage

TVC:DXY   US DOLLAR CURRENCY INDEX
480 3 18
The greenback ( DXY             - US DOllar Index             ) entered into a panic selling stage when broke down the 93.9 level.
That usually lasts for around 5 days so it can turn anyday now.
Maybe today , maybe tomorrow...

Price also broke below the August low. Technical traders will enter into this market with shorts but cyclewise we are very late. The decline will not be sustainable....

A lot of instrument are waiting for USD to bottom: like gold             , USDJPY             , GBPUSD             , USDCAD             etc.

I'm looking for a reversal here this week.
It also broke down the declining channel yesterday. That is also the sign of panic selling.
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xiiimik
8 months ago
What fundamentals make you think it gonna reverse?
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chartwatchers PRO xiiimik
8 months ago
I thought the NFP would...
But it just turned without any fundamental reason...
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