shari369fx

shari369fx

On the bigger picture, Dxy still bearish. However, upside momentum accumulating with higher lows and trendlines crossings. Imho, Dxy is not bullish until it closes above 94.40 area for at at least a couple of weeks, better yet a monthly candle would seal the deal.

shari369fx

This is a 5 year chart with 2 different trends. Break of any trend line would seal a deal until end of this year or maybe into 2022. If dollar strength continues, euro will move toward 1.14 area, and much of dollar strength is depended on Yields and the equity market. Atm, imho, the equity market is like spinning top, anytime now!!!!

shari369fx

Investors need dollar to buy more stocks. Will there be a fire sale on stock market to supply investors with more dollar, only to turn around and buy more stocks and drive it up to $40,000+....not out of picture at all!

shari369fx

Dxy for the most part has not gone anywhere besides ranging between 60-70 pips on weekly pa range. Where to now? Even though it looks like that Dxy is on it's way to 88.40, I would hesitate to endorse that until I see a break and close below yearly open. So for now I am neutral on Dxy with a cautious upside preference.

shari369fx

Yes, Dxy bounced off a solid support...however! she needs to close today or maybe tomorrow to have any hope of a limited upside in a downtrend. Don't think that she won't surprise you with a visit to 88.40, that number is still in the picture. For Dxy to get any bullish momentum we need at least 2 days of closing above 91.23. Cheers.

shari369fx

Empty, weekly spaces, freak me out!

shari369fx

The RSI is pointing to some dollar strength, but it must take 93.12 and close above it for confirmation.

shari369fx

Eu has been here before. Taking this area may not look as easy as it seems.

shari369fx

As long as equities keep rising, Dxy will keep falling. Negative correlation at play with only an 8% differential. At this level, RR ratio is neutral.

shari369fx

Au at the mercy of equities, moving pips for pips with SPX in a tight range. Looking at the chart, upside is very limited if it indeed trying to form a W.

shari369fx

I say this, with trepidation, that Dxy looks like it is making higher lows and looking at the full picture I can see a u curve. But, nowadays we have to be vigilant in managing our trades.

shari369fx

Dxy managed to close, 50-100 pips above or below are normal movements, exactly on yearly closed and March Covid madness. Though all signs point to strength in US dollar, I remain guarded till close of coming weekly candle. It is without saying that Dollar remains the only reliable currency in high demand, walking on egg shells, nonetheless.

shari369fx

Whatever your thoughts about Fed secrecy, money printing and stimulus.… know that the dollar reigns supreme. For now, and for the foreseeable future.

shari369fx

After reaching a major support, Dxy has a bullish engulfing pattern and trading above the trend line. It could easily make its move, could be fast and swift, up to the supply zone of 102ish

shari369fx

After a minor pull back, I anticipate Dxy to rise up to the occasion. If things change between now and the New Year, I will update this chart. But I believe we are good till next FOMC.

shari369fx

Along the way, there may be retraces. But, I think the path is pretty clear

shari369fx

2 higher highs, 3 lower lows...is the 3rd high in the oven?

shari369fx

Predictable? Maybe