DXY IS BEARISH ON DXY BUT ITS STILL NEED A RETRACEMENT
The price is trading near the support line. Strong support at 95.94 if break 97.41 conform bullish
Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75. A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here. The bullish view could, however, turn...
DXY has reached at the end of the channel within a consolidation zone. I warned earlier about DXY rising from the dead in my previous chart linked here. Am expecting this uptrend to continue to the upper blue channel, if the blue channel breaks then we will head to the yellow channel at the top of the consolidation zone. The uptrend can be confirmed with all the...
Once again we failed the break to lower channel, am expecting a bullish turn for all USD pairs. - RSI starting heading up - MACD starting to head up - Failed to break the channel
Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
Dollar is getting stronger recently, but a stronger dollar does not mean much if it is weaker than inflation. This DXY/TIP ratio chart tries to show that technically dollar is rising but is still weak comparing with inflation protection bond. Before I hold dollar for long term investing, I would like to see at least: . the ratio breaks the blue resistance line...