What's Next for the US $ Index?
Posted 01 May 2018 - 07:19 AM
Posted 01 May 2018 - 09:35 AM
Monthly chart on USDCHF looks pretty bullish after that powerful reversal bar in April....
IF/ WHEN it breaks above 1.00 (only 35 pips away) , could be a long ride to the upside on that one....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 01 May 2018 - 09:57 AM
EUR$ Under 1.20 again...
Posted 01 May 2018 - 11:36 AM
There will be a TD Sequential Sell Set up 9 print on the $DXY daily today The Hurst modeling from the mid April run was bearish because it was continuing to look for the 40 week low but has now flipped after recalculating and labeling late March 2018 the 40 week low. The Hurst composite model line is generally down from here but only near term and then has a choppy pattern into a mid to late June window for a significant IT high. Overall the Hurst composite line on all models has the look of this being a corrective retrace pattern into a June high before a longer term decline. I sold my UUP this am.
Edited by Geomean, 01 May 2018 - 11:39 AM.
Posted 01 May 2018 - 02:26 PM
This is a beautiful 10 Day Hourly Chart...DX - US$ Index
Posted 01 May 2018 - 02:45 PM
Better take a look at this NZ$/US$ chart it's a DAILY... this looks ominous...
Posted 01 May 2018 - 04:00 PM
Better take a look at this NZ$/US$ chart it's a DAILY... this looks ominous...
Swissy is worse....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 02 May 2018 - 07:15 AM
How about a US/CAN dollar comparison, where do you think CAN dollar is going?
Posted 02 May 2018 - 09:08 AM
How about a US/CAN dollar comparison, where do you think CAN dollar is going?
R1 1.32
R2 1.38
R3 1.45