samitrading

DXY waiting for RSI to suggest a bottom of some sort, or not.

samitrading Updated   
TVC:DXY   U.S. Dollar Index
I'm Just doing DXY TODAY. Hope you would enjoy the perspectives.

Comment:
1/ We have not retested the broken channel's line on weekly and monthly which stands @ roughly 92.9xxx.
2/ Three indicators showing and favoring and upward move to say the least 92.9xxx.
3/ this is all based on just technical, we need fundamentals to confirm such bullish break out.
Comment:
Retesting of the broken channel, or Bulls are in control first target 95 !!!
Comment:
We tried testing the broken channel's line, did not reach. Red dot # 2 is just basic

101 channel's target.
Comment:
92.945 is the key on weekly as we try to "Re enter" the
broken green channel.
Comment:
On a weekly candles, William % is alone by it self below the line, will Stoch & RSI follow ? they look kind of far a way. Red dot #2 looks like our next legitimate target.
Comment:
Getting close to a trough here, just need RSI to confirm it.

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***


twitter.com/samitrading1
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.