UPDATED DXY ANALYSISok! so i was too quick to jump to a conclusion on my first DXY analysis but then after looking at gold i have changed my bias because of the following...
1. gold moves in relation to the dollar index and gold is about to hit a major resistance level and major downward trendline
2. whereas dxy over here has also just respected a weekly resistance level and has started off the week bearish
3. i'm expecting the market to break my inner H1 upward trendline (or even respect it) then i'll short the DOLLAR
ASAP
CUUUSD: Copper a buy right here, target 2685CUUUSD: Copper, like gold, looks like it will get saved here by a technical back-flip, courtesy of the Dollar. It should rally to 2685 where it's probably going then to be a good short again.
EURUSD: Reverse Head and Shoulders hasn't gone away.target 115EURUSD: Further extreme Dollar weakness looks in store for Monday. The target given by the reverse head and shoulders off the bottom here continues to say 113.80 but ultimately the Euro should reach 115 before swing traders should consider shorting the Euro again. The big change in prevailing wind was only confirmed on Friday. There is much more to go for. Try to trade these asap on the open in Australia on Monday if you want to catch the highs to sell off - no matter how inconvenient, it will be worth it by the look of the charts.... By the time it gets to New York the downwave should be in full swing