I think DXY is still weak and might break down from 92.00 area to make new lows and retest previous supports and if ask me where its heading, I think its heading down to 90.00. heres my WEEKLY analyse. according to my analyse DXY should bounce from 90.00 with the NEW YEAR of 2018.
Comment
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still on consolidation. TIME IS HERE. WE WILL SEE A BREAK OUT IN COUPLE OF WEEKS! LETS SEE WHAT THEY WANT FIRST THEN U GET IN THE TRADE IF YOU ARE A LONG TERM TRADER. PATIENCE IS THE KEY!
"Check out" ( The Commitment of Traders Report ) It can be very helpful in decision making. (For your trades)
( Smart Money = Commercials, they are buying the dollar ) "I" Think.
Just because they are buying does not mean the "DOLLAR" will turn up today or tomorrow.
(It is a very good trading tool to keep an "EYE ON")
" LARRY WILLIAMS " is a very good teacher on this subject.
jeffreyjim
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Freedom is never more than one generation away from extinction.
We didn't pass it to our children in the bloodstream.
It must be fought for, protected and handed on for them to do the same.
" RONALD REAGAN "
jeffreyjim
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Very nice chart thank you very much for posting this.. "I" think you have a "very good chance" of being correct. (67% or better)
"I" think these are the two best paths to keep an eye on at this time.
kunsan
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If the irregular top pattern is an expanded flat (it might not be, of course), then the target is 91 after which it should move to new highs. If that move is 0.618 of the entire move from the 70 low (a common final move) then the upper target is around 109 which does indeed coincide with your overhead trendline. Nice chart.
( Smart Money = Commercials, they are buying the dollar ) "I" Think.
Just because they are buying does not mean the "DOLLAR" will turn up today or tomorrow.
(It is a very good trading tool to keep an "EYE ON")
" LARRY WILLIAMS " is a very good teacher on this subject.