finitemonk

Dollar likley to flop on NFP?

INDEX:DXY   U.S. Dollar Index
86 0 0
Following rules of Action/Reaction, the DXY             was behaving according to the green long term channel lines.
However it has made a workable fork running exactly parallel to other long term channels (red). It would appear to have turned these last three weeks into its behaviour mode off its big drop on the 10th July. So extrapolating equidistances off the Median Line ... The possibility remains clear for the NFP to underperform.
The other option (one must always consider the other) is it's still behaving as if in the 'green channel', and the NFP figures 'jump it' over the reaction point, breaking above the long term red resistance (at the reaction point ) which has historically acted as swing or pivot line. If it does then the faint green lines should become the short term 'action reaction' up at 83.25ish using the obvious ML as before.
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out