AbhishekHSinghCMT
Long

DX(Dollar Index) & GBPUSD(Cable) connection

TVC:DXY   US DOLLAR CURRENCY INDEX
39 0 7
DX ( Dollar Index             ) & GBPUSD             (Cable) connection-

Since 2011 March, DX             has travelled in an impulsive manner till March 2015 & since March 2015—it has been travelling into consolidation mode & appears to be shaping out a triangle pattern whose C-leg is done.
So, any movement above 95.50- could show us the way that D-leg has started & shall travel atleast 98—98.50 where it shall complete 61.8% of the B-leg.
Now, If you flip this triangle –you will realise that we have similar pattern in GBPUSD             (Cable) –both are shaping out triangles.
Hope so you got the connection & now more equipped to execute the trades in smarter way.
Regards,
Abhishek H.Singh,CMT
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
+919833996865 | LinkedIn
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