RoboCash
Long

DXY in coming weeks

TVC:DXY   U.S. Dollar Currency Index
DXY has been super oversold. It is natural to get some recovery. Daily, It has closed above the monthly pivot , suggesting more upside possible.
Comment: DXY hitting neckline soon...
Comment: Guess skewed IHS scenario is invalid now.
Comment: DXY is not climbing despites of good US data. This skewed IHS might just be happening for this week.
Comment: Neck area rejected, DXY should visit 92.40 area soon.
Comment: DXY approaching potential right shoulder, bounce or break?
Comment: Right shoulder is forming as expected.
Comment: I cant update my latest DXY post, so here it is..

https://s3.amazonaws.com/tradingview/sna...

From the main chart, looks like it breached back down below the neckline, showing IHS fails.

Comments

Why invalid?
Reply
RoboCash faronf
@faronf, It looks breaking up, but I was wrong, it is still on the neck area, we may see pullback down in this 2 days.
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