Timbrrrr Time for DXY?
Updated
Falling from hourly channel, simultaneously invalidating the breakout of the daily-defined falling wedge.
1st support at 90.4, further selloff toward 89. Below 89 is Timbrrrr line.
Bullish for metals, commodities and the wider market. Could be some surprises along the way. I originally expected this breakout to be further to the upside
1st support at 90.4, further selloff toward 89. Below 89 is Timbrrrr line.
Bullish for metals, commodities and the wider market. Could be some surprises along the way. I originally expected this breakout to be further to the upside
Note
Daily close below the red may be the first seal of fate for USD/DXYNote
Ichimoku turning green which may indicate future strength, though the stochastic is confidently open to the downside. Weekly closes below are what I really care about for my LT strategy.Note
It really doesn't want to give up that 90, stoch is still turning down, for now. The longer it stays above 90 the harder it will be to take it out. We want decisive action here.Note
That wick is amazing, right into that wedge boundary, no cross allowed. I'm feeling optimistic here that we see the downside for the dollar
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