Short

Weekly view on DXY

Updated

Range 100-93 is done. with DXY bulls losing momentum. it may test 88 level.

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For now, DXY is back in Bullmove (luckily maybe due to 2 Fed words last night)
H1 goes back above EMA500 and RSI flying autopilot above 50. a break below EMA500 and RSI break below the black-line, maybe.

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Note fro H4, rsi &macd back in bull. a trip down in H1 may trigger a crossback below in h4?

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D- should stop at 94.8

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H4 bearish divergence. 94.6 is temporary resistance at work.

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H1 TA: bearish now.

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changing view:

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I'm still bearish on USD. my predict:

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just about time.... dollar suddenly rallied just before asia session closed... today we shall wait for the outcome of the reading of the fomc meeting minutes

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40mins before the FOMC minutes release.
quite topping

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s3.amazonaws.com/tradingview/snapshots/c/ca0UcWwJ.png
Surprisingly, DXY kept the range. (reminder: the box was even there before the price entered the box).
G7 meeting had no impact, Manufacturing PMI worse than expected.... I'm expecting a big drop, either a reversal, but more towards a correction

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OK now.... seems like the good figure from new home sales data has already priced in since Asian session by gold drifting down from 1248 to 1233. DXY up slightly just before the data came out.
Time to challenge the mighty dollar. how strong can u go now. let s put a hammer on top

staurum

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