tntsunrise
Long

DXY just make a pull back+ retest

TVC:DXY   US Dollar Currency Index
1522 8 63
DXY             just make a pull back+ retest
I have mentionted this in my last week's webinar
95.00 is the previous resistance and now
it is broken and retested
this tells us that DXY             will continue to go UP.
Where is the Target:
97.23 the 0.618 level
So keep your long position of the USD and ready to take profit at 97.23
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How is crude oil?Thanks!
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Based on this, would you close your USDJPY position?
+1 Reply
thanks Jack for the update/reminder of your trade ideas!
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Thanks Mister Jack. It is very useful. I am sorry that i can't hear the last webinar on YouTube from 39 minutes.
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Hi Jack, I am relatively new to trading and I am still trying to make sense of all the charts. So far I have realized that there is inverse relationship between US$ and Gold. Here, you are predicting that US$ will strengthen in near future. At the same time you are saying that gold will rally to 1230-1240 range. Can you help me understand in what scenarios that is possible. Thanks!

BTW I absolutely love your analysis. Very easy to understand and to the point!
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Vytasbcn sandhusukhjit
Well, I agree with that, there is an inverse relationship. When dollar gets stronger, gold gets down... So it is interesting.
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tntsunrise TOP sandhusukhjit
i am saying , if you want to short, wait for gold pull back to 1243. i did not say, gold must go there.
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Hi Jack,
I want to go long on this one, do you think it is still valid? I think that it is but not sure since the low low is 92.
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