jangseohee

Weekly - A Hanging Man

INDEX:DXY   US DOLLAR CURRENCY INDEX
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Well, a hanging man at the top of a weekly chart since July 2011.
The wall street and all news are creating noise about overbought, topping up etc. I was naively trusting their analysis previously

Mmm, i do agree that technically speaking there is high chance of retracement for US dollar perhaps at least back to my Crazy Indicator (8ema) which is about around 84.65 and then continue to make a higher high which coincide with my channel top and (look left level) of 88 level before it gradually drop to channel bottom again.

My estimated ultra high level is around 95-96 (my previous post on Dollar Index) that might not happen at all.

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