


shari369fx
I did not draw this chart, but I do like this pattern and believe it is closest to my own idea. DXY is done consolidating and will start its uptrend.
95.50 has been tested 3 times already. With the numbers fo GDP, it may try one more time.
USD: Last week’s NFP report has eliminated any doubt over a Fed rate hike next week, which is near enough fully priced in
Within the premises of balancing the Trade deficit, I don't see how US$$$ could go much higher.
waiting for inverted hammer turns to shooting star up or down.
DXY looks like it is forming a Bearish Cloud Over on H-4
H-4 Dxy developing a Bearish Dark Cloud.
Triple top has been established. Waiting for confirmation of Bottom.
The price above 200 MA, indicating a growing trend.
IMO DXY is range bound, 88-90 to 91.50
DXY has established a new high but failed to break resistance. Though I think on Friday it would give us a better picture of Bull or Bear.
Dollar on potential uptrend to test the last Supply zone. Strong Economy, Fed rate hike and trade war....IMO
In his interview right after his election President Trump indicated that the Dollar was too strong. Right after that the Greenback started sliding from 108 to 88....huge drop. In Davos Economic Forum he said he wants to see a Strong Dollar. We now will see Dollar hit all times high...IMO. Manage your risks, trade with care.