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Dxysell

DXY-SELL++The market has gone more north. It does not change the view though. The short @ 102.30-102.40 as suggested is there, and we add again @ 103.25. This is not changed, and we add again above 103.80. Correction likely will take place back to 100.50 area. Observing all pairs vs the US dollar they all have a common overbought state, and this is build into the DXY as well of course. It is either we select a pair, or we trade this one. The difficulty is that we need most to correct, and that would move the future price of DXY.
TVC:DXYShort
by peterbokma
2
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.
TVC:DXYShort
by peterbokma
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.
TVC:DXYShort
by peterbokma