Vix break out might lead to a high of 23 to 24 at least . The break out is nice we are still intact with our targets of 23 to 24 VIX is nicely forming higher high formation and we might see vols shoot up soon. Keep an EYE . :)
From here on Dxy we might either see a retrace from here to around 96.65 lvl and then move back in the upside direction to 98.30 lvl OR it might continue on its upside journey to 96.30 lvl around.So we can buy on the retrace if want to play safe ...Happy trading ...
Today is the FOMC still i suggest there might be some surprises and change in tone for sure by yellen which is now quite common . Dxy have broken the structure of lower low and closed higher so with a ST of 94.98. We can buy with a target of 96.48 (TP1) then 98.37(TP2). Lets see if the uptrend resumes or not .
Buy Dxy support nicely taken on the trend line and expect the first target to be around 96.30.You can buy from currency lvls.
Expect Dxy to keep moving up with a little bit resistance on the 100.39 mark and if it goes beyond it might see 102.85 as the next zone :)
Dxy is running towards the 100.80 to 101 mark and might see a stop over there.
Bullish Pennant Formation on the DXY . This might lead the stock to 89.80 to 89.82 levels where its market with the horizontal line :) ...Enjoy.
If this flag develops the red line will be the target for Uj then :)
Bullish pennant on DXY is forming , if it forms the pattern then a upside will take it to 89.29. Lets wait and watch. Happy trading :)
Lets see which side we get the break out ..... though this chart is for a longer term ,but we will know the direction i think where it will go ...Lets wait and see how it performs :)
A good wedge forming if it breaks could see a nice move upside lets wait and watch :)