analysis revisit - still going up
I expected DXY to go up yesterday impatiently having discovered that it had not breached the daily 20MA in the past week, only a few hours before it got breached ruthlessly. :D But not yet convincingly broken.
Today I'm watching closely on DXY again as there'll be many dances throughout the day.
My personal opinion on this one is to stick with what I spot yesterday and consider it going up regardless of the FOMC statement, if it does mention anything about tapering we can expect an acceleration and thats all.
I have redrawn the trend lines as above. Not necessary to explain again here.
Just that - Let's trade carefully with good risk assessment, be responsible to your money and yourself.
Today I'm watching closely on DXY again as there'll be many dances throughout the day.
My personal opinion on this one is to stick with what I spot yesterday and consider it going up regardless of the FOMC statement, if it does mention anything about tapering we can expect an acceleration and thats all.
I have redrawn the trend lines as above. Not necessary to explain again here.
Just that - Let's trade carefully with good risk assessment, be responsible to your money and yourself.
