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SXY

DXY: New ATH or a retracement lower? Nov. wk 3It's important to keep in mind previous price action when trying to assess both a currency pair and it's index at the same time. Let's not forget the freefall from the current all time highs through to 97, a drop of 2.5%. After last weeks run up through both of our targets, we are now expecting a retracement within the current structure for the DXY. We expect one of the fibs to go inline with the monthly resistance level of 98.5 to provide us some nice targeted entries. Thus, our bias is neutral as there remains upside potential on the 4-hrly timeframe, where we can use the zones drawn in the chart to cororelate with our USD/xxx and xxx/USD based trades. Looking at the weekly timeframe, we can see very choppy price action that continues to maintain it's bullish long term price action towards our target established back in May of 100.
TVC:DXY
by UnknownUnicorn3442968
FURTHER DECLINE IN THE AUDCHF TO COMELooking at the AXY there appears to be further decline due to key global and economic issues surrounding the USA, china and UK markets. Here we take a further look at shorting the AUDCHF pair and our reasons why. Australian weighted average 4Hr The Australian weighted average looks to have hit a key resistance level. Were looking for a bunce to the downside. Swiss Franc weighted average daily Daily view were looking at a strong support for a further bounce to the upside. Swiss France “SXY” The SXY looks to be heading higher with key new higher highs and higher lows being made. AUDCHF monthly view We believe there is further downside movement in this pair due to strengthening of the SXY and a further decline in the AXY. With uncertainty within the global markets the CHF tends to be a good haven. Look for good entries to short this pair further Good luck to all
TVC:AXYShort
by ForexTradingRoom
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