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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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.