Updated forks and an ABCD pattern: looks like somebody finally had serious problems and had to run into the US Dollar 0.79% . But the room for a run comes to an end... It´s been said that, after the Renminbi devaluation the chinese took 25 bln out of the country while normal capital movements does not exceed 4 bln.
Regarding to a pattern itself, it ends at 99.11 There is also an option for having 98.57 and a corresponding double top. After that, it is a free run to 94.67 as a first target
Regarding to a pattern itself, it ends at 99.11 There is also an option for having 98.57 and a corresponding double top. After that, it is a free run to 94.67 as a first target
Comment:
Same pattern at UUP with very similar levels. DXY may run up to 99.50 before reversal
Comment:
Important resistance at 98.50 is being blown out, all at cost of EUR. The movement of a capital from the EU zone to the USA is being evident.
This is exactly a moment when we start having 80%+ of the bulls... COT report will be interesting to watch this week
This is exactly a moment when we start having 80%+ of the bulls... COT report will be interesting to watch this week
Comment:
I think it is topping but not yet there...
Please, follow your strategy! Always!
If there is no strategy that has proven itself successful, please do not trade with real money!
If there is no strategy that has proven itself successful, please do not trade with real money!
