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DXY: Update On Strength, Jack Be Nimble, Part 7
Two days ago I published charts on DXY.
The US Dollar was approaching a down-trend line at $94.30. I cautioned you at the time that DXY must breakout to the upside at this level.
After several attempts, DXY failed.
I sold my long DXY positions on May 11th, 2016.
In my opinion, DXY will remain in a down-trend until $94.30 is broken convincingly to the upside.
Please look at the next chart, USDJPY. This reversed as the DXY failed at $94.30.
I hope this has been helpful. I hope all of your trades go well. Don.
The US Dollar was approaching a down-trend line at $94.30. I cautioned you at the time that DXY must breakout to the upside at this level.
After several attempts, DXY failed.
I sold my long DXY positions on May 11th, 2016.
In my opinion, DXY will remain in a down-trend until $94.30 is broken convincingly to the upside.
Please look at the next chart, USDJPY. This reversed as the DXY failed at $94.30.
I hope this has been helpful. I hope all of your trades go well. Don.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.