TheBanker

/dx Oversold Bounce Ahead of Capital Flight to U.S

Short
TVC:DXY   U.S. Dollar Currency Index
Afternoon

Firstly apologies guys for not posting many ideas recently, I have been up to my eyeballs working on other projects alongside our private trading group.

The neckline was broken on the head and shoulders around the 100 level indicative of further decline toward the 98 handle.

Provided the DXY remains below the right shoulder highs and 50d moving average of 101-101.50, this technical top pattern remains influential and bearish in the near term.

96 is there as underlying support with extension targets of 110, 121 and 130

Thanks for all of your support, please remember to like and comment your views!

Comments

i think you right will try again then form w bottom
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What about this one?
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