DXY 1W - Elliott waves - update untuk TVC:DXY oleh Simon_says

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Decided to make an update on my last plot of DXY from 24th Aug '17 (chart below).

So far, everything looks good!!

We are still in F -> G move I'm expecting price continue to move up until December 2017.

Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp.

XAUUSD ( gold ) will trade in opposite direction as DXY , it means XAUUSD will move down until rate hikes.

Expecting XAUUSD to move strongly up next year, while DXY will go south G -> H move.

Dagangan aktif

Dagangan aktif: Let's wait for FOMC and interest hike! From that time DXY will go down and XAUUSD will move north.

Rate hike odds are 90-100% depending on website you check:

Dagangan aktif: Everything is going on as expected, XAUUSD up and DXY down.

Dagangan aktif

So now still LONG?

Balas

rafalo

@rafalo,
You're a bit too late, soon DXY will reach top, I would rather await for FOMC meeting.

There is very high % for FED to hike rates http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

That in turn will cause DXY to move down (G -> H) and XAUUSD will go up.

Balas

Simon_says

@Simon_says, I don't want to jump now. Just Yours "Trade Active" is not clear for me. I would like to wait for XAUUSD bottom as I think that going long in XAUUSD is much safer than be short...

Balas

rafalo

@rafalo,
"Trade active" means my analysis is still valid but you need to take in consideration time frame.

Balas

u view same my view in collapsing , very excellent

Balas