USD Indx - Extremely bullish, but maybe overbought - with Daily

INDEX:DXY   U.S. Dollar Index
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Sorry, on prev post I missed to attach daily chart .


Not a trade idea, just some observations of a strong bull mkt.

I don't say to go strategic short USD, but it looks a bit overbought again.

Daily: Bullish with widenning DMI but also with extremely high Slow Stoch . Watch MACD divergence! Will is persist or will it break with further USD blow up?
Bullish Supports are: 89,25-40 / 88,30(strong Kumo and trend support)

4 Hrs: Bullish on all fronts, but Slow Stoch is turning lower again.
Bullish Supports are: 90,25 / 89,60-70 / 89,00
lets catch it naked before we snap a shot as paparazzi :-)
a little more upside
Kumowizard PRO jangseohee
Or ECB destroys it and EUR enters a 10y bear mkt :-).
Well, the thing is it's still rather a USD bull, than a real EUR weakness.nI mean if you look at EUR on other crosses vs NOK,SEK, AUD it is still not really bearish. USD is the one that goes stronger against everything.
+1 Reply
jangseohee Kumowizard
one against all! :-)
Good. trade with trend.
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