649bruno
Short

DXY: Update On Strength, Jack Be Nimble, Part 7

TVC:DXY   U.S. Dollar Currency Index
10 0 2
Two days ago I published charts on DXY             .
The US Dollar             was approaching a down-trend line at $94.30. I cautioned you at the time that DXY             must breakout to the upside at this level.
After several attempts, DXY             failed.
I sold my long DXY             positions on May 11th, 2016.
In my opinion, DXY             will remain in a down-trend until $94.30 is broken convincingly to the upside.
Please look at the next chart, USDJPY             . This reversed as the DXY             failed at $94.30.
I hope this has been helpful. I hope all of your trades go well. Don.
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