DXY: Dollar Index Update - Still Bullish to 94DXY Dollar Index Update
After consolidating back to the lower parallel at 91.49 the
Dollar has pushed higher towards the near term upside target
at 92-55-92.64 range where it should consolidate again back
to the lower parallel one last time before moving higher to
the next upside target at 94.03.
The overall trend remains positive whilst DXY stays within
the larger parallels governing this impulse wave from
inception. Look to continue to sell EURUSD (as per comment)
and other pairs into DXY consolidation until the 94 target is
achieved.
94
DXY: Get ready for a strong Dollar rally Tuesday from 94DXY: Looks like DXY should come back down to 94.28 at least and to 94 at most on Tuesday (well it could spike a few pips lower to test the lower parallel at lowest) before it and all Dollar pairs bottom out and start what should become a very powerful bounce...so get ready to start to building Dollar long positions across all Dollar pairs Tuesday as close to 94 on DXY as possible. Stops just below the lower parallel. Good trading