TheBanker
Long

$DXY, Dollar Index Roadmap after Brexit Dust Clears - July 2016

TVC:DXY   US DOLLAR CURRENCY INDEX
5 months ago
Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75.

A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here.

The bullish view could, however, turn weaker in the event that the dollar index             slides to 95.0 – 94.75 to mark a retest of the H&S and price channel breakout level. In such a scenario, US dollar             will be likely struggling to breakout above 95.95 – 95.75 which could potentially turn to resistance and put the bullish view into question.

Your likes and comments are really appreciated guys, thank you for all the support and trade safely.


Thanks.

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5 months ago
Comment: almost there
4 months ago
Trade closed: target reached: Target 1 reached, we'll take a bounce at the channel here for adding
4 months ago
Comment: and... here we go!
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Yahia.Awes
5 months ago
Your inverted head and shoulder is very handicap.. There almost is no neckline...
Reply
TheBanker PRO Yahia.Awes
5 months ago
Ha, yes until we get up to 98.xx this is the headless horseman.
+1 Reply
Yahia.Awes TheBanker
5 months ago
Weekly so far not so good...
#DXY I posted when it was HOT see related ideas
Reply
TheBanker PRO Yahia.Awes
5 months ago
snapshot


Agreed my friend, however, last weekly high 96.685 and this 96.843 (so far) - I especially enjoy the break above.. wait for the pullback into the 95.00 - 94.75 area, and long targeting 98.xx
+1 Reply
Yahia.Awes TheBanker
5 months ago
That one I agree! My long term bias is long also, I can see a massive bullflag with a flat correction going on.
Reply
TheBanker PRO
5 months ago
almost...
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Masihh
5 months ago
very nice trade ... it is in the median line and no matter what, it gonna reach your target one I believe ... I'm a big fan of Andrew ... :)))
+1 Reply
TheBanker PRO Masihh
4 months ago
Thank you my friend
Reply
arif_awan
4 months ago
BASED ON MY CALCULATION, PRICE HAS TO REVERSE FROM THIS LEVEL.
Reply
TheSmartInvestor
2 months ago
you smart
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