DXY-SELL+My previous analysis stated sell 100.50-101.00 with stop-loss @ 101.55. This would be executed, and now we are much higher and we can re-enter this market.
The RSI is overbought and as noted GBPUSD i extreme, which gives us a better change for DXY to move lower again.
Strategy is SELL @ 102.20-102.50 and take profit @ 100.17 for now. I feel we should add SELL @ 103.25 when seen.
Dxysell
DXY-SELL strategyNo doubt difficult to pick the exact turn-around level for DXY. I observe the SMA strength indicator is starting to turn lower whilst we are still moving higher, and this suggest we are weakening in trend. Further the BB% is at the higher level of the band as well.
For now I still feel being in a preferred SELL mode and suggested sell levels (and one may already be short 100.30-100.40) to add sells @ 100.80-101.00. Since its not extreme I suggest stop-loss 101.75 for now. Profit order @ 97.78.
DXY-SELL strategy We are nearing profit level 97.98.
We have been short @ 99.03 and unfortunately we could not add on higher prices as it was not seen.
The profit level is still @ 97.98 for now.
For new trade, if one wishes, can SELL 98.70 98.80 range for now with same profit objective and add on an increase 99.50 when seen.
DXY-SELL strategyWe are starting to see double top, and since we have corrected from lower levels, I feel a sell strategy may be the right way to go.
For now, we are within the top of the range.
Strategy is therefore, SELL current 99.00-99.10 and add further @ 99.30-99.60 range. Bear in mind no aggressive stance here.
Profit order for now @ 97.98. No stop-loss I feel, but if wished for place it around 99.90.
DXY-SELL strategyI took back on the order @ 98.17 for those shorts I had in the 98.60 and 99.10 and above slightly... so for now its fine.
I suspect we may see it move higher first, but I prefer the sell side.
Strategy SELL 98.60-98.80 and sell further @ 99.20 again. I feel we may see lower 97.37 for now as a profit objective.
DXY-SELL+++No change in view.
The market has gone from the suggested sell 98.50-98.60 to go even beyond the suggested adding of position at 98.90-99.00. As long you carefully leverage the market condition is the same and it's overdone on the upside.
Strategy is to add further (small leverage of course) at current 99.10 and change profit order to 98.17 since the average should be improving.
DXY- Carefull SELL strategyWe are above the Ichimoku cloud, which may move higher in the coming weeks.
However, short-term it feels we are overextended and a move back is possible. The stochastic is on high side, and RSI is overbought but not extreme.
I suggest a careful SELL approach at current 97.20-97.30 for correction back to 96.65. The support at 96.23 will be strong.
Stop-loss maybe 97.65 for now.
DXY-RANGE but downside biasWe are ranging and the 96.15 cloud resistance will likely be respected. We should re-attempt the lows 94.67, but we have cloud support 95.15 as well.
The stochastic is negative, and the MACD is negative but turning positive (if we would moved beyond 95.85).
For now, sell between 95.70-95.90 and keep stop-loss 96.27 and profit at 94.85
DXY- SELL strategyProfit taking was slightly early at 95.30, but ok it worked. I felt the run, and pattern looked a bit confusing.
Now looking at 4-hourly chart, we start seeing tpping 95.85 and next resistance based on cloud top next to our current is around 96.01.
The RSI is little bit overbought, but not extremely, and the stochastic is likely to turn positive. I still feel considering our run upwards, to do a SELL strategy at current 95.75-95.80 area and place stop at 96.17 (for safety). Profit target 95.07.