0511 DXY is about to make a few weeks sideways movement
DXY has just finished a DOJI on weekly chart alone with a slightly RSI DIV.
97.20 is the highest position in 2018 now.
Will this position be retested again later?
I guess so.
Because DXY needs a few weeks sideways movement to break that trendline.
That is probably making a preparation for 2019's 1st season bear top. Actually only 8 weeks left in 2018.
So this chart is used as a trading tip for other currencies.
And marked as LONG based on the weekly chart.
Less is more!
97.20 is the highest position in 2018 now.
Will this position be retested again later?
I guess so.
Because DXY needs a few weeks sideways movement to break that trendline.
That is probably making a preparation for 2019's 1st season bear top. Actually only 8 weeks left in 2018.
So this chart is used as a trading tip for other currencies.
And marked as LONG based on the weekly chart.
Less is more!
