chartwatchers
Short

DXY - Next target: bottom of the range

TVC:DXY   US Dollar Currency Index
1141 21 59
Nothing has changed here : we are on the way down to the bottom of the range.
Though on Friday the american dip buyers - USD perma bulls - pulled up the price after the European session if you look at the hourly chart you will see it could be anything but not long....

I think that next week will be a big down week for USD.
Comment: SO far so good...
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Comment: I'm a bit sad that a very few of you watching DXY.
Guys this is one of the most important chart - if not the most important- to watch.
This is the key for everything.
US DOLLAR INDEX
Comment: After yesterday's drop today the decline should continue.
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Comment: Closing half of the position.
What the f*ck is wrong with you, man? There definitely must be something)) I've not been following you for long but you seem to have got nearly every prediction right. May you live a ling life! P.S. Please, don't get that the wrong way, these are just my words of admiration.
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LOL. Thx.
Market is doing what it has to do after the Brexit mess.
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Arpi, is there an ETF we can use to short this play?
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I will look for one. But this time its too late to enter.
Every time I post a DXY chart you shuld just go the opposite in EurUSd.
It's nearly the same
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one of the most dovish and influential FOMC member Dudley says September hike possible! though nobody believes... neverethellss, this may postpone dollar fall at least until end of August
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Arpi, (and others that wish to comment) would you expect Brazil's economy/equity markets to decrease after the completion of the Olympics???? Looking at shorting BRZU if this is a likely possibility.... Bad press during Olympics, building of infrastructure completed, possible government uncertainty, etc... Any thoughts out there???
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No. Olympics always give a big push to the economy.
Except Greece. They've ruined it.
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DXY may just tag 94 next couple of days and then go up again on anticipation of a rate hike. It is also taging uptrend line. I think Fed will be hawkish after vacation. There is no reason to be dovish.
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I don't trade forex but I use the dollar as my index for gold plays...and I use the euro and yen as an index for what the dollar will do. its only one of a handful of indicators I use for gold but I start with euro/yen, then the dollar index, then gold futures, then Arpi charts for a second opinion to decide if I want to long/short gold...but yes...THE most important chart by far. and thank you for your efforts Arpi...I follow your gold and oil plays religiously as a confidence boost to see if my own predictions carry validity. I had bet against you ONE time on oil months ago, I shorted on a glut play and lost lol. glut plays work....but your technicals catch a lot that my seasonal/global news plays don't....thanks again brother!!!
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Watching and learning. Shy about posting.
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