Ths US Dollar Index ( DXY ) is printing a bull flag before the next resistance zone.
Soon we will be testing again the 95-95.2 level.
Maybe a breakthrough at FED minutes?
Soon we will be testing again the 95-95.2 level.
Maybe a breakthrough at FED minutes?
Note
Breakout...Note
Testing the red resistance zone.Note
We blasted through the resistance zone like a hot knife through butter...Just a testback and a higher high again. WE are deep in the blue range...
And traders are not even freaking out because of the Brexit.
Note
Taking profit on my DXY long positionsNote
We broke out of the 3 days of consolidation yesterday. I was waiting for a follow through but that never happened. It seems that we are heading down to the daily cycle low without tagging the upper trendline. Yesterday I was planning to add at the daily cycle low, but now I feel better to close it and reenter. The main plan has not changed: before FED and BREXIT we will have a DXY at 98$.
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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.