peterbokma

DXY-SELL strategy

Short
TVC:DXY   U.S. Dollar Index
The conversion line has penetrated the base line in Ichimoku and usually this signifies a upcoming trend. In this case it has broken downward. Further have good resistance around current levels in the downward sloping channel. The cloud support is much lower 104.50 region, and having stoch RSI turning negative, likely we will see much lower in the short-term, is my personal view.

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