chartwatchers
Short

US Dollar Index - DieHard

TVC:DXY   US Dollar Currency Index
2246 20 37
It seems the dollar never wants to break down the trendline .
It's crawling on the trendline for more than a month now. The continuous money printing of the central banks makes it possible for the dollar to be held above the trendline . The more crawling we see the bigger correction we will have in October.
I make the call: by the close of next week Friday we will see sub 94 dollar price.
This vehicle is simply running out of time and the 200 SMA is preventing every pop to go above 96.
...and you never know when the FED says enough is enough and throws some buck on the market before the elections.
Comment: Tested back the 200 SMA again on Friday.
We have a heavy weight seller at the 200 SMA- I wouldn't be surprised if it was the FED...
snapshot
Comment: Price is between the triangle of the 200 SMA and the lower trendline since MAy.
It will break this week. My bets are on the breakdown of this pattern...
Comment: GBP collapsed last night.
That caused the opening gap in the DXY. Gold was not falling too much though.
snapshot
Comment: Ignore the text in the indicator box.
Any update?
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In the year of the triangle post I showed a possible false breakout. Check that out and press play.
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kizly chartwatchers
thanks
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1 question: how do you put a few currency pairs into 1 unique chart, please? Thank you.
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Use compare tab
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lio investment6300
Thank you Sir
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Not sure about your bias to watch at markets, but it seems that your are missing a point : USD is not just a random currency, it's world reserve currency,... My 2cts tought ... Calling for a crash now is misleading people. Can you answer this question : Where big money player park their cash : Euro ? JPY ? Rubble ? Yuan ? Gold ? Bitcoin ? AUD ? ................. ?
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Not a crash but timewise we need to come down to a daily and an intermediate cycle low.
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l.bcd chartwatchers
Ok intermediate cycle - Thanks for your explanation ;-)
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Amazing over night to see GBP drop like that. Looks a computer hiccup, flash crash type deal.
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