tntsunrise
Short

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

TVC:DXY   U.S. Dollar 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
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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
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