mansourelkehya

mansourelkehya

As I forecasted in my last 2 ideas, DXY finally made its move. I love these moves when there’s no economic events as the leading sentiment at the time will continue the trend. My forecast tells me dxy will go to around 95/6 and range there for a while before another crash. My first target is March 2021 high, then the nov 2020 high, then the sept 2020 high and...

mansourelkehya

Dxy is still doing it’s thing. Today’s price bar touched both interior ends of the wedge. The triangle’s getting tighter and tighter. Soon, it has to pop. Fundamentals point to the upside. We’re seeing CBs globally mention rate hikes and slowing/stopping bond purchases and QE. Yellen warned of a stronger dollar. The increasing inflation we’re seeing will...

mansourelkehya

Dxy is a clear long imo. The chart is simple. Dxy broke and closed above the white trend line today. In fact, the rally in the past 2 days was because DXY bounced off the 20MA (MAs not seen in this diagram to keep it simple but you can add them on your own charts to confirm). The 100MA is about to cross above the 200 and the 50MA is looking to do so during august...