Kumowizard
Short

DXY - Get ready when MC Hammer is in da house!

INDEX:DXY   US Dollar Currency Index
113 0 2
Daily: IF we close like this, that will be a reversal hammer candle printed in the triple resistance zone . A break below 84,00 will send price to 83,70, there we'll see.
MACD possible bearish cross depends on today's and tomorrow's closing.
Strong support is at 83,00 (Kijun Sen, and mid of regression trend channel)

4 Hrs: Bullish steam off. ADX down, DMI             zig-zag . Chikou Span hits price wall. Tenkan/Kijun weak bearish cross with Price back below Kijun Sen. Support is 83,70, retest to here is possible, counter trend could develop only below the cloud.

a) we either see some USD long positions unwind and thus a quicker correction down to 83,70 or even to 83,00 or
b) it will again just consolidate sideaway before if blows further

anyhow, holding existing longs, or especially adding or opening new USD longs here at this high seems a very poor risk-reward.

p.s.: FED FOMC is a big question as always... well actually the story is not what they will or will not say, or how they guide mkt, the real question what is the main expectation of the mkt, so what has already been priced in!
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder 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
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out