TradingView
ewtrader86
Feb 10, 2016 10:52 PM

The initial dollar decline might be over. Long

Dow Jones FXCM Dollar IndexFXCM

Description

False breakout ALARM. Do not chase down the dollar from here. Fib levels and RSI divergence at multiple time frames suggests a classic 5th wave fake out today in USDOLLAR index . I expect the EURUSD to be choppy, USDJPY0.13% to continue dropping and reverse later, GBPUSD , AUDUSD are going to suffer the most from this dollar rebound.

*****The labeled 5th wave could be OVER already or a little bit more room to run until 11990. *****
Comments
carso2016
To realize AUD follows closely the commerce price, the oil is bouncing drastically, the AUD suffering from dollar rebound is doubtful.
More