If a day candle closes above 94.00 till 12.07.2018 then the uptrend will continue.
Else if a day candle closes closes below 94.00 but above 93.77 then we should expect a bearish trend after the price tests 94.00. Maybe the price will go sideways a few couple of days.
Else we should expect a strong bearish trend.
Else if a day candle closes closes below 94.00 but above 93.77 then we should expect a bearish trend after the price tests 94.00. Maybe the price will go sideways a few couple of days.
Else we should expect a strong bearish trend.
Note
Seems like DXY wants to continue its bullish trend...Note
Oh, no!It is not so obvious :-(
Seems like DXY is looking for a resistance at 94.4. In that case, it will be the 4-th leg of Elliot Wave and then DXY will fall down breaking the current support/trend line.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.