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Dollar-index

DXY Dollar Index Close to collapse againDXY Dollar Index Close to collapse once more The last rally was 77 pips. this one at 93.27 high is the same. DXY will either fail here, the most likely spot, or at 93.49, just 22 pips higher. It should fall away by 2.4% to 91.05. Good for EUR gold, silver, copper longs and baby Alts who need a break and maybe oil too for the next few days. Asusual about 3 wise men will read this comment. It's probably one of the most important there is. Sensible you:)
TVC:DXYShort
by sumastardon
Dollar Index: DXY Update and Key levels for next breakDollar Index: DXY So far DXY is displaying precisely the kind of technical price action you'd expect of something in the process of breaking down lower...the tiny continuation pattern with a bearish upwards slope, every move contained within the parallels that control this inverted flag formation. The dollar will try to rally from the lower parallel of the flag so we need to step off the gas around now if shorting USD across the pairs. Contrarians may look to go long USD again here but be careful if you do...at some point soon DXY is going to fail, breaking below the lower parallel - the point to go aggressively short USD again and to go long Gold once more, looking for 92.62 on DXY and 1305 on Gold.
TVC:DXYShort
by sumastardon