Forecast dollar-index (DXY) for this week
Updated
DXY is in a bearish channel since dec 20.
Expect a breakout of the channel this week (move up).
After move up expect a quick surge down to take out the stops at 99.40
Or vise versa: take stops, then surge up. Update tomorrow.
Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
Expect a breakout of the channel this week (move up).
After move up expect a quick surge down to take out the stops at 99.40
Or vise versa: take stops, then surge up. Update tomorrow.
Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
Trade active
Update on Dollar-Index:It took a week longer then expected, but the predicted break-out to the upside is a fact.
Question is will the up-move continue?
Forecast remains: continuation of the move up to 102.00 until end of the week (Thursday EOD).
See chart for visual update:
Sultan of Swing
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