USDX moved exactly as I mentioned in my previous analysis. I warned everyone that a bounce is coming and we saw a strong bounce towards 97.50-97.60 now pull back is underway which I expect to end in the area 97.00-97.20. We could see the possible wave 3 from these levels. We have a cloud support at current levels which will stop USDX to drop further. Recommendations: Go Long from current levels with stop loss at 96.50. Target 98.50-99.
Good Luck..
Komen
ploskyx3
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Thanks good luck
ploskyx3
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all data are worse than expected
AnasRathore
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@ploskyx3, Yes the past data is bad but the next upcoming data's expectations are solid especially the Jobs data and the Inflation data on which FED depends the most. Didn't you listen to the Janet Yellen's press conference this Wednesday? Well technically DXY is going up too so I can't be Bearish on dollar from current levels :)
ploskyx3
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@AnasRathore, good luck
i will stay away for await
AnasRathore
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@ploskyx3, See where is DXY right now and you can also check EURUSD. Dollar has more upside and Euro has more downside to come.
ploskyx3
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Why you think dxy will goes up
AnasRathore
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@ploskyx3, After Janet Yellen's Hawkish tone, next upcoming positive data expectations from US, All technical indicators are suggesting this and a lot of more factors are involved. I am Bullish on DXY until we reach 98.50-99 in the next couple of weeks, rest is up to you :)
@ploskyx3, See what I posted on June 14, same thing happened because that was looking quiet obvious for me. The next I posted today and I expect exactly what I posted :)