DXY broke major support and looks to be on his way for a retest. Lets see how it reacts next week. If we rejects , we could have great opportunities on xxxusd buys and usdxxx sells. Lets eat!!!
Double top on 50% fib and descending trend line. If we break the neck we could see a huge fall.
I am looking at 2 possibilities here. The chart speaks for itself
DXY seems to be rejecting 95.00 and could drop more. USDMXN is right on the support and trendline. All EMAs are pointing down. If it breaks Ill get in.
It is sitting at support at the moment. It is in a downtrend so wont be looking for a buy until it breaks the daily descend trendline.Here is something I will look at ''IF'' DXY pushes higher.
rejected 50% fib + resistance on the daily with a nice candle
I would be looking for a break-retest of 1.7000 psychological level before entering.
Ill wait on the break of the strong grey resistance before I enter. Its in a big weekly channel
dxy is at resistance on the 4hr and coming to the trendline. Lets see how it reacts next week
double top + retest of neckline + 50% fib. Everything will depend on DXY . Will it reject resistance or continue his bull run? I would prefer the pair to break the ascending daily trendline before I even think about shorting it. If it breaks resistance and retest it, I would look for a buy. Again, Everything will depend on DXY
Rejected descending daily trendline. It is now sitting at 4hr support, if it breaks and retest, I will enter a short
EU has been acting wild a little these days. I will wait on a clear break of blue zone to resume the downtrend. IT has a double top on the daily so the support would be the perfect neckline for a break retest to test the last daily low around 1.3000