moorekapital

DXY: SEASONALITY IS AN AVERAGE, NOT A RULE.

TVC:DXY   US DOLLAR CURRENCY INDEX
69 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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jangseohee
a year ago
the upper red resistance zone, target
+1 Reply
moorekapital PRO jangseohee
a year ago
Most certainly.
Reply
F
a year ago
Thank you for sharing
Reply
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