FUNTRADER-Vera
Long

0506 DXY supporting level and retargeting 99 now

TVC:DXY   U.S. Dollar Currency Index
Reflection point on the channel.
No idea if DXY would make a new high like 99 later.
But this chart do give us a good reason that DXY is not
breaking down through the uptrend channel yet.
Better sit tight with a buy order and wait to see where DXY could go up to .
Gold must be suffering now.

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Comments

Yes. This looks like the B wave of an expanded flat. If so, this wave should reach 1.382*A which is at 98.8.
Reply
@kunsan, Sounds great! 98.8-99 is the possible zone .
Reply
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