DXY is in a bearish channel since dec 20.
Expect a breakout of the channel this week (move up).
After move up expect a quick surge down to take out the stops at 99.40
Or vise versa: take stops, then surge up. Update tomorrow.
Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
Expect a breakout of the channel this week (move up).
After move up expect a quick surge down to take out the stops at 99.40
Or vise versa: take stops, then surge up. Update tomorrow.
Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
Trade active
Update on Dollar-Index:It took a week longer then expected, but the predicted break-out to the upside is a fact.
Question is will the up-move continue?
Forecast remains: continuation of the move up to 102.00 until end of the week (Thursday EOD).
See chart for visual update:
Sultan of Swing
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Sultan of Swing
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.