Hi Seildev here. This looks remarkably similar to the DXY slip in May this year. - Point A shows the attempted recovery from 18th/May ~ 19th/May however fell lower within a day - Point B shows similar patterns which shows recovery however will fall within a day. Projected high move to hit 96.44 and fade. Projected DXY to be 94.5 by end of this month. DXY has...
My personal outlook for DXY - bearish Otherwise its bullish above 98
I teach that in the near future there will be a correction to about 98.5 and a maximum movement down to 95.5. And then something less accurate information. Because who knows where to spit a black swan
The DXY likely to see more downside in the short term. If this is the case, other currencies should see an upside for the duration.
Expecting DXY to create a parent node in current SUB. Entry 96.00 Stop 95.3 TP 100.00 prnt.sc Continuation of the same frequency analysis. Since 98.00 was hit I was able to take it as a Close price in calculations. I could not earlier because at the time DXY hit 98 I had no idea what will be the H until that.
Dollar is about to start another decline. check out my other dxy calls USDDKK follows DXY
Dollar Index Monthly - Structure speaks for itself. Big moves to the downside expected. This correlates well with global indices and Oil they are also indicating a big correction on larger timeframes technically.
Nothing to stop it to 101.4. EUR USD, GBP USD, AUD USD will break their support/demand levels
Dixie seem to be struggling. It has tried and tried, but failed at several levels in a consolidated state. Looking to short from 101.5. It start likely retrace toward 90-level.