DXY breaking out of possible 3-4 yr bull flag, we take out the 2015-16 highs look to top of RED channel 108.85 range breaks that channel then upper level to 2002 highs is possible 121. Over that well then for insanity 160? yeah I know nuts. But DXY USDollar "cleanest" dirtiest shirt syndrome. I'm looking for the demise of the EURO, look to BREXIT, Italian...
Last time we bought the dip at 161, and now we could be looking for a C retracement down.
For a B retracement FB cannot go higher than the previous high at 198, if it does that we have higher highs coming.
C target would be around 150 USD.
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Fundamental: International-Brent crude oil futures closed higher on Friday despite an International Energy Agency report that showed demand growth dropping to its lowest level in 11 years. The IEA said global demand to May from January grew at its slowest pace since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade...
The US-Dollar-Index, a currency basket composed of 57%EUro, 14% jap.YEN, 12% British Pound, 9% Canada.Dollar and 4%Swedish krona and Swiss francs, is expected to continue up over the next few years. What this means to the most people of the world, I would like to summarize this briefly.
The US-dollar is the world's largest and most liquid market for bonds and...
the scenario hasn't changed much since my last post. DXY still looking bearish into mid week11. FOMC meeting due tomorrow.
50SMA keeps pushing despite divergence with RSI. A,B and C are lower lows. RSI is making higher lows compared to price.
If the index re-climbs above 1000SMA and crosses the 50SMA for the upside at the same time, DXY may commence ...
- DXY Long Bias at the Monthly Sequence
- Still there is a room at the Monthly to reach the strong Supply Zone
- The weekly retracement to 95.807 is done as we mentioned last week
- At Daily, there is 20 EMA confluence
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Note : DXY will reach the correction zone, all you do is buy directly in the demand area or wait for confirmation of the rejection candle pattern formed
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The dollar index is between the resistance level and the support line.
We are waiting to break and pullback. Recently, there was a false breaking through a key level and this gives us a reason to look for an entry to sell the dollar.