Massive Bullish Marubozu Candle in DXY pointing to higher levels

٢٢ مايو ٢٠١٥

As I stated in this analysis

the end of correction in DXY was imminent and with the weekly candle being a massively bullish Marubozu candle which has engulfed 2 previous bearish candles, I favor much higher levels for the Dollar Index. Next week a minor correction is more likely since the price has approached a previous support zone which should act as resistance now.

DXY to retake the 100 level soon.

Good luck,