epalazzo

epalazzo

The Dollar under the Monthly 50SMA is toast, doomed. Why? Take a look at the previous 2 major declines of the Dollar. The last one is on the chart and highlighted with a yellow ellipse. Recently price is worming around it (red ellipse). Once it is below the Monthly 50SMA again there is nothing to stop it from falling like a rock. Currently, the price is under it...

epalazzo Updated 

Bearish divergences on all indicators. Is this a Double Top that Dollar is formed/forming? Let's see. Tight stop for shorts is 95.53. Broader stops align with the 100 WMA at 95.56 or let some wiggle room for overshoot. For Long-term analysis see

epalazzo Updated 

DXY Long-term analysis and forecast History repeats itself and if we look we can learn from it. The chart is a look-over of the history of DXY. Take a good look at the previous journeys of DXY from the very tops to the bottoms. Look at MACD and the price. MACD bottoms shortly right during the first big selloff and then develops a great bullish divergence on...