DXY - DAILY CHART - LONG TERM SELL OFF
Updated
TECHNICAL ANALYSIS FOR DXY (USD FUTURES INDEX)
1) AS SOON AS DXY HITS THE HIGH (AROUND $100.400) IT LOOK LIKELY TO BREAKDOWN UNDER THE CURRENT UPTREND AND REVERT TO A DOWNTREND.
2) WE COULD EXPECT ANOTHER WAVE UP TO THE HIGH INITIALLY - BUT IF WE DONT, PREPARE TO SELL (WITH REASON) ON THE DAILY OR A LOWER TIME FRAME.
3) THERE ARE SEVERAL SUPPOR AREAS WHICH MUST BE TAKEN INTO CONSIDERATION ON THE WAY DOEN - APRROXIMATELY AT: $97.182; $95.923; $94.833; $93.880. AND $92.518 - FOR THE SHORTER TERM TRADER.
4) TIMEFRAME FROM HIGH TO LOW - MONTHS
1) AS SOON AS DXY HITS THE HIGH (AROUND $100.400) IT LOOK LIKELY TO BREAKDOWN UNDER THE CURRENT UPTREND AND REVERT TO A DOWNTREND.
2) WE COULD EXPECT ANOTHER WAVE UP TO THE HIGH INITIALLY - BUT IF WE DONT, PREPARE TO SELL (WITH REASON) ON THE DAILY OR A LOWER TIME FRAME.
3) THERE ARE SEVERAL SUPPOR AREAS WHICH MUST BE TAKEN INTO CONSIDERATION ON THE WAY DOEN - APRROXIMATELY AT: $97.182; $95.923; $94.833; $93.880. AND $92.518 - FOR THE SHORTER TERM TRADER.
4) TIMEFRAME FROM HIGH TO LOW - MONTHS
Note
PLEASE IGNORE THE BLUE 'SUCCESS/TIMEFRAME' BOX - THAT IS A BOO BOO :(I'M RELATIVELY INEXPERIENCED AT PUBLISHING IDEAS, SO PLEASE FORGIVE THAT ERROR, I THOUGHT I'D ERASED IT.
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