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Dxybuy

DXY-BUY strategyI am happy the stop-loss yesterday was executed with a minor loss. I was not convinced either way, and instead the DXY went through the daily-chart cloud support and moved lower. Looking at the 4-hourly chart (for very short-term view), the move lower went a little to steep. This creates a short-term BUY opportunity, but of course we keep things close to the belt. Strategy is BUY current 95.30-95.40 range and place stop let's say 35 pips away, i.e. 94.95 and take profit 95.85-95.90. The over all trend is down, but we are oversold and for that reason think it is worthwhile try here.
TVC:DXYLong
by peterbokma
DXY is pressing higherAfter reaching a high of 97, DXY has started to correct and, after a few days of correction, the index has started to consolidate in a tight 0.5 points range. Now it looks like is pressing to the resistance of this range and a break here could lead to further gains and a new local high. My target for the index remains 100, and traders should look for opportunities to sell rallies in EurUsd, GbpUsd, AudUsd and NzdUsd. A drop under 95.80 could mean that the index has further to correct and expose 94.50 very important support. Overall USD is strongly bullish on medium-term and the safest way to play it is to buy it low.
TVC:DXYLong
by Mihai_Iacob
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