Updated

DXY's Channels support & resistance.

wish you all the best.

Note

Possible retest of a broken channel's line, or this is a bears trap and we go into the channel again. Time only will till, keep watching the lower green channel's line
which stand this month roughly at 92.944 .

wish you the best.

Note

This is the bigger picture we talked about, on the weekly/monthly charts we have

broken channels that have not been retested. For the Bullish side this could be a

bears trap. For the Bearish guys, this could be just a retest of the broken channel.

92.94xxx should be watched.

wish you all the best.

Note

Second month for side movements, recharging for bullish scenario or slowing down

for a close by touch down. 101 tech analysis target is # 2 Red.

Note

On monthly nice move:

A/ possible retest of a broken channel then tank
B/ trying a bull move to the red line channel, targeting 1.00 or so

Note

87 looks like far a way, but legitimate target !!

Note

Getting close to our target.

samitrading

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***

twitter.com/samitrading1

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samitrading

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