1105 DXY is possible to test 101.60 again soon
Hello traders,
DXY is not ready for a real reversal as it is moving above the average band of BB now.
The big pic on monthly chart is showing a possiblity that it might test last high again in May or June.
It aslo gives us the possibility of a potential harmonic pattern from C to D.
Actually, I dont like to see this. That is US dollar is appreciating while the fed is releasing lots of loose policy.
Good luck on trading currencies based on this idea in May.
LESS IS MORE!
DXY is not ready for a real reversal as it is moving above the average band of BB now.
The big pic on monthly chart is showing a possiblity that it might test last high again in May or June.
It aslo gives us the possibility of a potential harmonic pattern from C to D.
Actually, I dont like to see this. That is US dollar is appreciating while the fed is releasing lots of loose policy.
Good luck on trading currencies based on this idea in May.
LESS IS MORE!