goodguy
Short

Short term f/u up on the US Dollar: Near moment of truth.

INDEX:DXY   U.S. Dollar Index
85 4 4
With Mr. Trumps win there has been a big burst of optimism for the US Dollar             with one more more jump up. Will is go to a new near term high or reverse before going higher than C? Of course I don't know. But there is a negative reversal followed by a bearish divergence in the both the monthly and daily RSI's. And often with such a combination a change in direction occurs. Like all indicators none is always correct. But makes it so that I will not be surprised if it reverses soon. But will wait for a "sign" to add to my small short position.
Take care. Hope this is helpful but process thru your own rules. Feedback always appreciated.
goodguy PRO jangseohee
@jangseohee, Beautiful chart. Thanks. I appreciate you still keep an eye on me. Take care.
+1 Reply
jangseohee goodguy
@goodguy, hi, yes, i followed you
as your chart is precious and timely, i thought i just enhance your view ^_^
if USD is in last moment of up, it will retrace back to 95 or even 92 hopefully
then commodities will go up for 3-6 months
Reply
http://seekingalpha.com/article/4023617-trump-playbook-eyes-dollar

Article discussing potentials for the dollar from President Trump's actions.
Reply
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