weiloon940718
Long

USDX SEEMS TO HAVE A RETRACEMENT BEFORE A FURHTER PRICE RALLY

TVC:DXY   US Dollar Currency Index
21 0 2
USDX now comes to a strong resistance at 95.25 and under the downtrend line, it have been reversing from the low of 91.92 since 3 May 2016 with very few significant retracement, so to long the USD we could wait it to dip futher to near 94.633, and look for the opportunity to buy at reversal at this level. If it dips further down, then it could go to the next support 93.70.
We look for buying opportunity at low unless the economics data of US gives a pessimistic signal to raising the fed funds rate.

TRADE IDEA 1:
BUY AT 94.63
SL : BELOW THE REVERSAL POINT
TP1: 96.13
TP2: 98.42

TRADE IDEA 2:
BUY AT 93.70
SL: BELOW THE REVERSAL POINT
TP1: 95.223
TP2: 96.13
TP3: 98.42
Trade active:
snapshot

A sign to further falling?
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions 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