Dxy_tip
DXY trading tactics:The price is trading near the support line.
Strong support at 95.94
if break 97.41 conform bullish
Dollar gaining strength, long all USD pairs.DXY has reached at the end of the channel within a consolidation zone. I warned earlier about DXY rising from the dead in my previous chart linked here.
Am expecting this uptrend to continue to the upper blue channel, if the blue channel breaks then we will head to the yellow channel at the top of the consolidation zone.
The uptrend can be confirmed with all the indicators i use.
long USD pairsOnce again we failed the break to lower channel, am expecting a bullish turn for all USD pairs.
- RSI starting heading up
- MACD starting to head up
- Failed to break the channel
Dollar vs. inflationDollar is getting stronger recently, but a stronger dollar does not mean much if it is weaker than inflation. This DXY/TIP ratio chart tries to show that technically dollar is rising but is still weak comparing with inflation protection bond. Before I hold dollar for long term investing, I would like to see at least:
. the ratio breaks the blue resistance line to the up side.
. Stoch turns up above 30.
. MACD turns up and above 0.
. RSI breaks the blue resistance line to the upside and the value is above 50.
