Viking83
Short

DXY: Reversal time

TVC:DXY   U.S. Dollar Currency Index
Price has struggled to break out higher and have been rejected several times from resistance zone , forming a rounded top. Time is up and reversal highly likely.
Comment: From the trendline i expect a Bounce, then this:
Trade active
Comment: Fake ugly breakout lol to get dollar bulls on Board. Now they are trapped poor souls.
Comment:

Comments

fail on this HS?
Reply
@Serse, Not yet
Reply
mmmm ... IMO looks like a fake brake out of gold, just take a look to gold's volatility and dxy. DXY looks like its going to 91.91 (.38 fibo) then uptrend.
Reply
Viking83 showerreport
@showerreport, DXY looks to have a date with the 50 % fib as posted in comment, its unnatural to get that close without touching. I expect bounce there at 91, but not then a higher high
Reply
Great chart. Totally agree. Thanks
Reply
Nice chart!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out