Our long term map for Dollar
=> This chart is part 1 of a two part series we are running on DXY. Here we can see in the Longer term chart the idea behind the move we are tracking.... a deep pullback towards 94 before continuing the rally back towards 102.
=> As most of you know we have mentioned this move a few times in the telegram. The move from August into the year end was corrective and so far the 38.2% has held steel support.
=> It is a difficult move to chase from current levels and for these reasons we are waiting for a pullback towards the 94 range lows.
=> There are two ways to play this dish, either adding upside exposure on the pullback towards 94 or buying the break above 97.70
=> Whichever happens first, time to buckle up those seatbelts as we have some monstrous moves cooking in the FX board for 2019.
=> The monthly chart for DXY is coming next to our Tradingview theatres.
=> As most of you know we have mentioned this move a few times in the telegram. The move from August into the year end was corrective and so far the 38.2% has held steel support.
=> It is a difficult move to chase from current levels and for these reasons we are waiting for a pullback towards the 94 range lows.
=> There are two ways to play this dish, either adding upside exposure on the pullback towards 94 or buying the break above 97.70
=> Whichever happens first, time to buckle up those seatbelts as we have some monstrous moves cooking in the FX board for 2019.
=> The monthly chart for DXY is coming next to our Tradingview theatres.
Related publications
Disclaimer
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.