moorekapital

DXY: SEASONALITY IS AN AVERAGE, NOT A RULE.

TVC:DXY   US Dollar Currency Index
78 3 11
STRUCTURE
MR1 seems convincingly BO. Price entered a TRADING RANGE PHASE, following TL BO .Additionally, trapped in "NO MAN'S LAND" ( in between MR1 and MS1), for weeks unending, I waited for BO, whichever way, to determine direction.

KEY ZONES

90.0000-92.5000
97.5000-100. 0000            
105.0000-106.7000

TIME@MODE
After 18-weeks mode , price disconnected from the common price. My time@mode suggests time expires on the vertical Aqua line.

SEASONALITY
Dollar Index             Dominant seasonal trends suggests that mid-November to late November often sees a rise, and Late December is a bearish time for the index.
Now, with talks of FED rate hike in December, coupled with the above technicals, looks we're going to see the unusual this year ending.
Seasonality is an average, not a rule. In any given year, price can deviate from the seasonal tendency and traders shouldn't fight it. ;)


MooreKapital

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the upper red resistance zone, target
+1 Reply
moorekapital jangseohee
Most certainly.
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Thank you for sharing
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