chartwatchers
Short

US dollar index - Daily cycle topped

TVC:DXY   US Dollar Currency Index
1067 13 34
It seems to me that the daily cycle topped in the dollar.
It's printing a bear flag and will break down soon.
I'm waiting for a 6-7 days weak decline here.
Indicators
10 & 20 EMA is crossing over.
MACD- RSI divergencies

Hard to tell where the DCL could be formed though.
Comment: Backtest of the flag?
snapshot
It's funny.. Gary mentioned this morning and I think he could be onto something: This dip in the dollar looks very much like a half cycle low with another leg higher still to come. Potentially the top could occur next Friday on a good employment report.
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If we break back to the flag it's not good....
I hope it's a backtest. If not the dollar could continue its rally...
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KevinTang chartwatchers
why the break back is not good?
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andrej123456 KevinTang
I hope with you, but I really dont have a clue this time. I wont sell EUR/USD yet, I will wait till tomorrow to see what happens, because to me its quite mixed...
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Nightstar Nightstar
This is what I'm thinking...
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Nightstar Nightstar
A higher high in the US Dollar is still a possibility
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Thank you! Chartwatchers! 6-7 days are trading days or calendar days?
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Always trading days
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Victor.Y.F PRO chartwatchers
Thanks!
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Hi, What do you think about the other USDOLLAR index (FXCM) , it's currently at 11, 940 , will it drop as well?
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Hello. this is us dollar index , check his chart and the description below.
+1 Reply
This trade still active? DXY just ramped up to $95.50 on Friday morning...
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Staxs PRO XTAL.ball
Watch and wait mode I think....
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