Friday, August 15, 2014

DXY - Update Friday 15th, August, 2014

DXY - Update Friday 15th, August, 2014


Daily Chart


  • This contradicts my forecast earlier in the week of potential dollar weakness from last weeks price action. Earlier Mid week we did see short lived dollar weakness and capitalized on the move., However as week ends, price is holding quite well in this zone, (broken resistance which now becomes support) and oscillators are giving buy signals
  • Therefore perhaps the case builds to upside potential favours


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