It has been a long time I did not post anything, but I short on DXY last year, and long it on the first 6 months this year, but now I am going to turn over to short again, just see the chart MACD has showed the bearish deviation on D chart, also the trend line has been broken on 4H chart.
Short it until the D chart shows the bullish deviation on D chart.
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Please beware of the price and trend line
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The price break down the trend line, beware Friday and Monday may face for a retracement back to the trend line, the 1st target is 95
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The first target is 94.
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Additional information, just for reference
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When price breaks down the 3nd trend line, it will drop lower. target will be 94 as first
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Let us see if the price will go lower or not, according to the 4H chart, but break down has been confirmed, we may expect the DXY will move to the target 94
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There is an update for DXY, it is confirmed downtrend, just wait for the price touching the MA, then short again
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Price got a retracement, let us see how the price will move, I strongly believe the price will have a deep drop
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Update for the potential target
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Quick update for DXY, still insist the US dollar is on the downtrend, but need to consider the reality
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Quick update on DXY, see what signal will show soon.
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Just changed my mind to short EU to the end of this year. It just break upon the Daily trend line.