DXY-SELL++++No change in view.
I am still a believer that we will see good correction on DXY. We are very overbought, and we got a moon cycle change upcoming. The market is overextended no doubt, and it feels all markets seems more severe in its movements. Therefore, we just have to stick with the ideas and do our best.
Strategy SELL @ 103.40-104.00 and higher. profit order somewhere 101.75 for now.
Dxysell
DXY-SELL+++We are om the same boat with DXY. It is overbought, and reflects clearly that a reasonable correction should be underway soon.
For now, the pattern is showing topping out, and further we are overextended. The chances are that we will see a correction back to 101.25 short-term to medium-term. This will be reflected in all USD pairs in the time to come.
DXY-SELL++The market has gone more north. It does not change the view though.
The short @ 102.30-102.40 as suggested is there, and we add again @ 103.25. This is not changed, and we add again above 103.80.
Correction likely will take place back to 100.50 area. Observing all pairs vs the US dollar they all have a common overbought state, and this is build into the DXY as well of course. It is either we select a pair, or we trade this one. The difficulty is that we need most to correct, and that would move the future price of DXY.
DXY-SELL+My previous analysis stated sell 100.50-101.00 with stop-loss @ 101.55. This would be executed, and now we are much higher and we can re-enter this market.
The RSI is overbought and as noted GBPUSD i extreme, which gives us a better change for DXY to move lower again.
Strategy is SELL @ 102.20-102.50 and take profit @ 100.17 for now. I feel we should add SELL @ 103.25 when seen.
DXY-SELL strategyNo doubt difficult to pick the exact turn-around level for DXY. I observe the SMA strength indicator is starting to turn lower whilst we are still moving higher, and this suggest we are weakening in trend. Further the BB% is at the higher level of the band as well.
For now I still feel being in a preferred SELL mode and suggested sell levels (and one may already be short 100.30-100.40) to add sells @ 100.80-101.00. Since its not extreme I suggest stop-loss 101.75 for now. Profit order @ 97.78.
DXY-SELL strategy We are nearing profit level 97.98.
We have been short @ 99.03 and unfortunately we could not add on higher prices as it was not seen.
The profit level is still @ 97.98 for now.
For new trade, if one wishes, can SELL 98.70 98.80 range for now with same profit objective and add on an increase 99.50 when seen.
DXY-SELL strategyWe are starting to see double top, and since we have corrected from lower levels, I feel a sell strategy may be the right way to go.
For now, we are within the top of the range.
Strategy is therefore, SELL current 99.00-99.10 and add further @ 99.30-99.60 range. Bear in mind no aggressive stance here.
Profit order for now @ 97.98. No stop-loss I feel, but if wished for place it around 99.90.
DXY-SELL strategyI took back on the order @ 98.17 for those shorts I had in the 98.60 and 99.10 and above slightly... so for now its fine.
I suspect we may see it move higher first, but I prefer the sell side.
Strategy SELL 98.60-98.80 and sell further @ 99.20 again. I feel we may see lower 97.37 for now as a profit objective.
DXY-SELL+++No change in view.
The market has gone from the suggested sell 98.50-98.60 to go even beyond the suggested adding of position at 98.90-99.00. As long you carefully leverage the market condition is the same and it's overdone on the upside.
Strategy is to add further (small leverage of course) at current 99.10 and change profit order to 98.17 since the average should be improving.