tntsunrise
Short

Happy Thanks giving day! Don't chase high of dollar

TVC:DXY   US Dollar Currency Index
Caution! Don't Chase             to Buy the dollar

It has reached a monthly 0.618 level.

a correction may happen.

If you want to buy the dollar, buy the pull back

In 4h chart, there is a bearish engulfing candle.
so what we can do is :

sell DXY             when it retest 101.80 and
Aim 99.10

Very high likely the dollar my fill the gap.
Comment:
snapshot
Comment:
snapshot

First Target Hit
Comment: dxy still fail to break 101.80
keep our short
Join Projack's Student Group:
http://www.harmonicasia.com/index/course.html
Youtube:
https://www.youtube.com/playlist?list=PLN0GYK-_EO5Z3Xzp6Sk1bmfzckpkJ5NCx
FB: https://www.facebook.com/groups/projacksg/
QQ Group: 609224828
Hi,

is it will be correct to say that if DXY will go down, than all USD pairs will be affected and follow the same direction?
Reply
@mximus, Generally speaking yes but not all pairs have strong correlation. e.g. EURUSD does have strong correlation, USDJPY less so. Just pull up two charts to compare and you will see.
Reply
u mean surely 100.80 ;-)
Reply
100.60-65 strong support ...
Reply
Hi Jack, it's going back to 101, 8 !!
+1 Reply
Great prediction!
Thanks...
Reply
prshivanefx prshivanefx
@prshivanefx, one question sir,
as you said it may go to 99 level that mean USD/JPY should be sell to 105 or 107 level?
Thank you in advance!
+1 Reply
Justinceo prshivanefx
@prshivanefx, nice question, i want to know too
+1 Reply
prshivanefx Justinceo
@Justinceo, he replied me on his USD/JPY chart, he said its possible...
Reply
prshivanefx prshivanefx
@prshivanefx, @tntsunrise
Could you please reply sir?
+1 Reply
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out