DXY @ 15 min @ upside trend should be confirmed (last ECB & FED)Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ...
A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ...
How ever, important, while last days before christmas, are at least in my opinion, the 3 last weekly highs (102.05 & 101.83 & 101.74). If they holds this week, we should trade DXY higher while over next week. Prices between 102.62 & 102.21 could be something like a make or break area - even after the bullish flag, which confirmed the bullish upside trend (after last ECB & FED press conferences), All in all still a pretty picture for the DXY ?! How pretty bullish/bearish we`ll see (while next days until christmas) :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Dxysell
DXY @ 30 min. @ Areas during ECB (today) & FOMC (next week)99.11 DXY is in my opinion still the make or break line
prices above 99.11 DXY are suggesting still bullish scenario into new highs 2017 - eventhroughout Trump Election
prices under 99.11 DXY are suggesting sharper fall into SellOff Area sceanrio - even while Election Night in nov`16
I can still imagine after yesterdays 1st sharp rise after Trump Election that this basic trend still continous throughtout both central bank meetings. Slightly continously higher US Equities (higher Financials & Energies), higher US Yields, lower gold & higher Oil & even slightly lower DYX into 99.11 at least. A further fall into 98 or even lower until 96 would ShakeUp Equities faster, of course ...
How ever, if you wanna trade a swing (hold positions some days or weeks)
the ICHIMOKU Indicator & PPO Indicator were a good entry/exit signal triggers :)
Right here right now i am prefering to stay NEUTRAL throughout both events - until both indicators are switching back into the long option. then i would prefere the long side back again - even as trand follower :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron