RomZStar
Short

Dollar Weakness projection

TVC:DXY   US-Dollar Währungsindex
Bouncing off the previous high support area - which is now resistance, we might see the INDEX:DXY             on a decline situation. Depending on price action, I made up a few price projection:

A (orange) - Starting the next trading week with fake bullish moves and look for shorts. New York sessions from Monday/Tuesday will tell a lot more. Price back too support, look for consolidation/accumulation and downside breakout. Long term more down moves.

B (red) - Starting the next trading week with the same as the same scenario as A; Shorts from London/New York sessions all week.
Long term big consolidation range within S&R area and further down moves.

C (blue) - Starting the next trading week with fake bearish moves trapping all retails into short positions and pushing the INDEX:DXY             further up to reach and bounce off the bearish trend line , also on the highlighted S&R line. Pulling out the fibs on the weekly, this projection could give us an optimal trade entry based on the retracement.

88.4 is my long term bias for the INDEX:DXY             . Price action can only determine which situation could occur and even, none of them. This will help on the direction of all USD cross pairs.
Kommentar: XXXUSD up up up
USDxxx down down down

Eurusd be careful
Trade ist aktiv: Next analysis coming up.
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