DXY is in a super bullish stance longer term. Bullish price behavior on ALL time frames. This is the Daily and we are STEPPING UP inside the uptrending slope. On the Montly time frame , it is stuck @ resistance but most probably will break to the upside next few months(if not earlier).
The END IS NEAR crowd is most probably WRONG again. TRIFRACT expects this move to be just a consolidation before another BREAKOUT TO THE UPSIDE. If the price retraces here in the next 1-3 months , we have highlighted the areas of support in the SPX.
FX_IDC:EURUSD now has two choices to make : 1 . Recover back to 1.129 and get further resistance and a return to 1.11 level . 1.129 is high probability resistance area. Resistance will go up in PRICE as time progresses as it is uptrending resistance. On the 15th of March the level will be 1.1304 2 . Continue down to 1.10 which should act as support. If...
It does look good for our SHORT position in the EUR from the 1.14 Level. The Timing target as well as the technical resistance based on the underside of the previous counter-trend uptrending channel did work out properly. The question is whether this will turn out to be just a minor correction followed by a slightly higher high before moving lower OR a cascade...
Trifract Capital Current Position: EUR/USD Longer Term SHORT