Ths US Dollar Index ( DXY ) is printing a bull flag before the next resistance zone.
Soon we will be testing again the 95-95.2 level.
Maybe a breakthrough at FED minutes?
Soon we will be testing again the 95-95.2 level.
Maybe a breakthrough at FED minutes?
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Breakout...
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Testing the red resistance zone.
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We blasted through the resistance zone like a hot knife through butter...
Just a testback and a higher high again. WE are deep in the blue range...
And traders are not even freaking out because of the Brexit.
Just a testback and a higher high again. WE are deep in the blue range...
And traders are not even freaking out because of the Brexit.
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Taking profit on my DXY long positions
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We broke out of the 3 days of consolidation yesterday. I was waiting for a follow through but that never happened. It seems that we are heading down to the daily cycle low without tagging the upper trendline. Yesterday I was planning to add at the daily cycle low, but now I feel better to close it and reenter. The main plan has not changed: before FED and BREXIT we will have a DXY at 98$.