US Dollar Index - Unfinished american business

TVC:DXY   U.S. Dollar Currency Index
1839 10 50
What a daily reversal...
DXY             just tagged the 10 EMA on the daily chart and it's heading to the trendline again.

I think a lot of people had bet on the bounce from the trendline .
It's time to make some serious pain for the dollar longs.

All my bets on the trendline break and the test of the bottom of the range and the 23.06. daily cycle low at 93.

It's going to be awesome.
Comment: Today we are attacking the trendline again.
I think this time we will break it down.
Comment: Fighting on the trendline
A few weeks back someone challenged you on disappearing when one of your plans goes wrong. They made the point that you give great analysis and advice on the front side which leads people in to trades, but when the trade breaks down you leave them to fend for themselves, trying to piece together the remains.

Over the last few weeks, examples of this are rampent. Your loyal followers are seeing red. Why not come update what the changing signals mean?

Obviously this trade going the wrong way had major implications all over the board...any new thoughts Arpi??
Viking83 TexasTower85
I think this is what is happening:

Normally before a trendchange, it has to break the trendline to fool everybody on board. Because the next move down is going to be severe, and then you need a lot of long positions in to create the powerful drop event.
Not to easy with this fight on the trendline.....US index up???
I think DXY at 94.80 will scare the sh..t out of lots of people tomorrow.
Isn't that reverse head and shoulder painting on DXY 4h chart.
do you have any thoughts on silver?
Nightstar isaac312
Focus on Gold, even if you're trading Silver.
isaac312 Nightstar
Nightstar isaac312
The Silver market is very thin and subsequently very sporadic, and on top of that it doesn't always move in lockstep with Gold. Gold on the other hand is a lot more identifiable from a technical chart analysis, cycle and sentiment's point of view. In essence, it's easier to follow and it won't drive you completely nuts :)
+1 Reply
alan_watch Nightstar
yet Gold is moving more sporadically and volatility is higher ... and when its on a correction; it is much more dirtier
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