Hi, greetings. DXY is not been able to gain any momentum despite steep +ve bullish divergence in weekly. Any idea why and chances of it going lower still to 84.5 area? Thanks.
Merchant_Captain_Jack
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@tfinavia, Hi Dxy, the horizontal band movement continues in the dipping process. Fast movements can be expected after persistent pricing above $ 92. Permanent pricing above 90.35 contributes to the uptrend. The $ 84.5 expectation seems distant for now. You're welcome
tiffusa
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im also waiting for confirmation to place Long position. I don’t want to sell dxy at this point at least. Kind of annoying at this point. Need to be patience.
Merchant_Captain_Jack
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@tiffusa, Thanks for the feedback, it is necessary to be patient