USDollar DXYThe DXY likely to see more downside in the short term.
If this is the case, other currencies should see an upside for the duration.
Dxynextmove
DXYfailed to retest previous high. we should see it have a bearish trend down to the trendline plotted.
Sell DXY to sub 100Just a small update on my previous ideas regarding the DXY.
Straight-forward sell set-up, strong bear div.
USD ShortContinued idea from before.
For some reason there is a delusional expectation that the USD will rally due to Trump and "interest rates". I strongly believe it will fall during 2017.
Strong bear divergence in the RSI, as well as the fact that the RSI has rolled over.
The USD will fall during 2017.There is a strong bear divergence on the 1W and 1D DXY chart.
I believe during 2017, the DXY will fall to the low 80's.
I base this not only off the bear divergence illustrated above, but my strong doubt that the Fed will raise rates during 2017, and that the US economy will continue to slow.
DXY Views about next moveDXY now Trading around 101.5 after touching years high 102 and hold below that level. As Technically a corrective move we can see Towards 0.7860% that is 100.5 level or 0.618% 98.8 before a fresh new high . as Technical and on other side if its hold above 102.5 on daily closing then next station may b 104-105.
