DXY - Update. Still consolidation with no higher highs so far.

INDEX:DXY   U.S. Dollar Index
135 2 2
Not much change. Heiken Ashi candles of last three days (including today) make a consolidation patter. From this alone we can not yet decide if it will pull back, or will just move more sideaway. MACD closing in a bit, no sell signal yet, but remember this indicator is really a lagging one.

4 Hrs:
USD Indx             has refused to make a higher high for the third time in a row. Consolidation continues as Chikou Span hits Price candles. The Kumo is still thick, 100 WMA is catching up. Tenkan and Kijun stay together, both lines are flat. This also means short term undecision in the USD. Remember, for a valid sell signal it needs to trade below the support zone and 100 WMA.

Support levels are at: 91,85 and 91,30

Looking at Gold             and Equity price action my bet is still there is increasing chance for a correction, maybe to 90,00+ daily support level . In fact it is really EURUSD             dependent as that makes the biggest weight in USD Indx             .

Related Ideas

Kumowizard PRO
2 years ago
Here we go. First level hit. Daily Heiken Ashi changing too, but closing is everything.
ChimbOt PRO
2 years ago
gettin close to sell time
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out