The journey from February to targeted new highs continues. Last week's outlined triangle provided upper and lower boundaries for the continued march upward with a bounce off lower support line. So what's next up (target)?
The wave 5 move as profiled since early 2018 has proven resilient and continues showing the way up. A pause at S&P 2950 area would be ...
Downtrend structure, making lower lows & highs. Lower high region price is nearing, along with the descending trendline where I will watch for a reversal back to the downside.
September Rate Hike Obvious December Doubtfullness!! . Brexit jitters keep longs praised on DXY!!.
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Technically 93.45 Key support at test! 95.xx Key pivotal resistance zone at test!!!
Key support lower 91.83 90.36 89.75
Trade Safe!!
Our last idea about DXY has updated that its possible to have a support.
https://www.tradingview.com/chart/DXY/52PYAcPk-2009-DXY-update/
And it did happen.
Now in the coming first 2 trading days, DXY has a decision to make.
Either rise up to blue zone then the light blue zone or continue to drop down to the bottom blue support zone.
Each way is a sign of the end ...
This index has once again breached a secular trend to the upside. There is significant momentum to this breach presaging a strong rise to new highs in the medium to long term.
In the short term however, there is a possibility of a sharp correction to bring the technicals back in sync.
The DOW is in a powerful uptrend overall
Short term neutral to bearish
Long ...
dxy old contract use 0.41- between old one and new one
price now is 94.2 for old contract on your MT4 new contract for DXY is 93.77 so the dif. is 0.41 so whatever you will see on this chart just - 0.41 from ur mt4 dxy price
good luck this will be match with great chance to buy & sell gold at 1189 to buy it and TP 1204-1214 then sell from the same levels and ...
A Suspect Breakout for the S&P 500
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)
AT200 = 56.7% of stocks are trading above their respective 200DMAs
VIX = 11.8
Short-term Trading Call: neutral
Commentary
The stock market is not quite out the (short-term) woods yet.
Last Wednesday I pointed out why the latest bearish ...
in daily us doller small come up and from retest it goes down.......so wait and watch ...on monday i see we get uptrend i us doller..may be tuesday or wednesday get us doller down..this only i analyse..
