DXY has been super oversold. It is natural to get some recovery. Daily, It has closed above the monthly pivot, suggesting more upside possible.
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DXY hitting neckline soon...
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Guess skewed IHS scenario is invalid now.
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DXY is not climbing despites of good US data. This skewed IHS might just be happening for this week.
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Neck area rejected, DXY should visit 92.40 area soon.
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DXY approaching potential right shoulder, bounce or break?
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Right shoulder is forming as expected.
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I cant update my latest DXY post, so here it is..
s3.amazonaws.com/tra...shots/e/ebIFS9uu.png
From the main chart, looks like it breached back down below the neckline, showing IHS fails.
s3.amazonaws.com/tra...shots/e/ebIFS9uu.png
From the main chart, looks like it breached back down below the neckline, showing IHS fails.
s3.amazonaws.com/tra...shots/v/vdxXornO.png