US dollar Index (DXY) Paradigm shift

2019年11月11日

The Dollars index just confirmed a trend reversal last week
We can clearly see the double bottom formation on the daily chart.
All the momentum indicators are on the upside.

A retrace is possible but as long as the price stay above the neckline of the pattern 97.91 I will remain bullish on the dollar.

2019年11月11日

注释

on a weekly chart the price is in a clear up trending channel.
bouncing off the 50 week EMA.
the RSI is in a contraction range and the stochastic crossing up signaling a new buy signal.

plus an hidden bullish div can be seen on the stochastic.
I'm afraid that for now the dollar remain a STRONG BUY.

2019年11月17日

交易开始

that is a correction. Will the new support hold ? I don't know but if it does it will make you money.

2020年2月26日

注释

I'm not on the noise on this one but it seems just fine. STRONG DOLLAR, weak oil.

2020年3月18日

注释

The market is never generous but always right.
If I was on this train I would be long gone before having the chance to make a profit. Even with a good risk management.



I keep speculating on more upside.