U.S. Dollar IndexShort
DXY - Critical zone.
Updated
DXY's one and half year's bull trend is now almost exhaust their power to push up.
In this zone is to important to trade DXY.
DXY is in the ascending(uptrend) channels. I think there is little institutional trader put their position in this bull trend like chase the price. so if this channel will break, I think DXY will drop sharply.
Also, AUDUSD / GBPUSD / EURUSD and other pairs almost reach the bottom of their value, so DXY will start to switching their directions.
Interesting rate will touch alomost zero, and there is no QE effect on US.
The only thing to lead this bull trend is from Brazil and Argentina, and DXY will lose their power to bull market.
In this zone is to important to trade DXY.
DXY is in the ascending(uptrend) channels. I think there is little institutional trader put their position in this bull trend like chase the price. so if this channel will break, I think DXY will drop sharply.
Also, AUDUSD / GBPUSD / EURUSD and other pairs almost reach the bottom of their value, so DXY will start to switching their directions.
Interesting rate will touch alomost zero, and there is no QE effect on US.
The only thing to lead this bull trend is from Brazil and Argentina, and DXY will lose their power to bull market.
Note
price is nice retest the supply zone, and If it is not breakout this zone, then, we can sell and stop above previous high.
But it has low volatility, so more good to take position other pairs like EUR/USD or USD/JPY or GBP/USD.
Note
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