DXY CMP 100.939
Elliott- thats a zig zag corrective pattern. The C leg which is very fast and steep is underway.
Fibs- Two tgts one at 96 and the other at 93. We will look at our indicators at these zones for reversal.
Channel - The lower support channel is around the 93 fib support.
MA-the longer Ma support is around the 93 /89 zone. So that zone is a high prob reveral zone.
Conclusion - weakness in dollar means good for the emerging equity mkts. Good for commodities and of course precious metals. So focus on them.
Elliott- thats a zig zag corrective pattern. The C leg which is very fast and steep is underway.
Fibs- Two tgts one at 96 and the other at 93. We will look at our indicators at these zones for reversal.
Channel - The lower support channel is around the 93 fib support.
MA-the longer Ma support is around the 93 /89 zone. So that zone is a high prob reveral zone.
Conclusion - weakness in dollar means good for the emerging equity mkts. Good for commodities and of course precious metals. So focus on them.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.