peterbokma

DXY-SELL strategy

Short
TVC:DXY   U.S. Dollar Index
No doubt difficult to pick the exact turn-around level for DXY. I observe the SMA strength indicator is starting to turn lower whilst we are still moving higher, and this suggest we are weakening in trend. Further the BB% is at the higher level of the band as well.

For now I still feel being in a preferred SELL mode and suggested sell levels (and one may already be short 100.30-100.40) to add sells @ 100.80-101.00. Since its not extreme I suggest stop-loss 101.75 for now. Profit order @ 97.78.

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