Bearish trap in DXY!

Updated
As looking at the double roof on the DXY Week chart, price action did not drop the 93 level, therefore price went once again up, this is the main reason why I think price will drop (long way down) to the 75 support level.

This will affect all DXY pairs!

Please wait for MACD (3,10,16,CLS) divergence confirmation!


Trade active
Tomorrow at 07:30 US Unemployment Rate meeting will give us the following trend for this analysis...
Trade active
Breaking Point due to today's NFP Meeting, if index breaks 91.62 support
we sell long to 79.00 if it does not we buy long to 100.46

snapshot
AUDUSDbearishtrapChart PatternsDouble TopDouble Top or BottomDXYdxylongEURUSDTRAPtrappingUSDJPY

Also on:

Related publications

Disclaimer