Today 4/14 DXY broke through the support level of 99.19 which was created 4/1/20.
With the current trend of news and shut down of the economy I believe that the DXY will DROP to 97.88.
Confirmations:
on the daily outlook DXY is at .50 at FIBS levels and is likely to retrace to .382 which will be 97.88. The bottom floor is 94.64.
MA 150 (black) is hanging over nicely on the HRLY TF
MA 50/20 is moving quite nicely as well on the HRLY TF
overall on the DAILY DXY is in a 5 day bear trend that does not look anywhere near ending.
in Conclusion,
97.88 is actually 6.18 region for FIBS where the floor is the hell hole level of 88.51.
97.88 tomorrow 4/15/20
(if im wrong DXY shoots up to 100 or 101.3 level)
With the current trend of news and shut down of the economy I believe that the DXY will DROP to 97.88.
Confirmations:
on the daily outlook DXY is at .50 at FIBS levels and is likely to retrace to .382 which will be 97.88. The bottom floor is 94.64.
MA 150 (black) is hanging over nicely on the HRLY TF
MA 50/20 is moving quite nicely as well on the HRLY TF
overall on the DAILY DXY is in a 5 day bear trend that does not look anywhere near ending.
in Conclusion,
97.88 is actually 6.18 region for FIBS where the floor is the hell hole level of 88.51.
97.88 tomorrow 4/15/20
(if im wrong DXY shoots up to 100 or 101.3 level)