Dxytradingsetup
DXYfailed to retest previous high. we should see it have a bearish trend down to the trendline plotted.
USD Index for the Long term Investment < to 2025 Probably!long it , to the trend ,
Then short it to the B AREA
if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area
see you after 7 years :=) , or if something really big happen ,and i expect the second one ,
Update idea
DXY Daily Key ElementsDXY major level of resistance:
103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance)
DXY major levels of support:
92.00 (Fibonacci retracement, horizontal overlap support)
AUDUSD technical indicators:
RSI (34) is seeing strong bearish divergence vs price.
DXY DailyI would like to see bounce back to 100.33, reverse and break above 101 level to profit target at 102.
Level 101 is very strong resistance level from multiple time frames.
Otherwise close below 100.33 will open the way to 99.24
Sell DXY to sub 100Just a small update on my previous ideas regarding the DXY.
Straight-forward sell set-up, strong bear div.
DXY @ 1h @ will 101.78 holds this week & confirm bullish trend ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
DXY @ 1h @ will flag-formation be confirmed this 52nd week `16Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
