DXY - New low? or double bottom? - take your pick

U.S. Dollar Currency IndexTVC

Description

⋅ Apr 30, 2016 4:52 PM

The 90 level is back in play yet again.
It has been predicted many times over to be hit the past
year.

This time around price is very close to make a new low
at least - so lets see what the market has in store for us
coming weeks.

DXY

Comments

BrennanHeart

⋅ May 1, 2016 2:44 PM

every one long on dxy, but is isn't how the market work,,,,,,,

EURUSD

⋅ May 1, 2016 2:47 PM

I dont see that every one is long the DXY except retail traders. check the COT and see for yourself. that is what makes this so interesting

BrennanHeart

⋅ May 1, 2016 2:57 PM

no,i mean that, they're expect a rebound for DXY in coming week

EURUSD

⋅ May 1, 2016 3:01 PM

a rebound will come for sure. will it have a greater impact? who knows, it has been stuck for a long time now on the weekly within a range

BrennanHeart

⋅ May 1, 2016 3:07 PM

that's true , may i ask what's COT?

EURUSD

⋅ May 1, 2016 3:08 PM

the commitment of traders report
cftc.gov/Marketreports/CommitmentsofTraders/index.htm

BrennanHeart

⋅ May 1, 2016 3:18 PM

thx so much