649bruno
Long

DXY: Update On Strength, Jack Be Nimble, Part 5

TVC:DXY   US DOLLAR CURRENCY INDEX
17 0 2
On May 3rd, 2016, I published charts for DXY             . I went long the US Dollar             on this date.
The DXY             has been marching up. If you looked at GBPUSD             , this has been weak since May 3, 2016.
Even USDJPY             has been strong since May 3rd.
Here is what I am watching: the uptrend impulse leg for USD has ended as of noon CDT May 9th, 2016.
I look now to $94.30 as a level that must be broken. This would mean the DXY             has broken a long standing down-trend line.
Please move on to part 6 of this series where I will show you the trend-line which must be penetrated to the upside for DXY             to continue higher.
I hope this has been helpful. May all of your trades go well. Don.
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