DXY: Update - Potential bottom of the retracement
DXY seems to have bottomed after correcting the post-election uptrend for some time.
The 'Time at mode' signals indicate we have a bottom here, and since the top down analysis suggests we will see a massive rally in the dollar, I'm willing to maintain a long bias for the longer term.
I'm long $USDNOK, $USDSEK, $USDMXN and short $GBPUSD for now, whilst flat the Euro. I might take short term longs in that pair from time to time, so I leave it for speculative shorter term setups only.
I'm also long gold and miners, as a hedge for my equities and forex portfolio.
Good luck,
Ivan Labrie.
The 'Time at mode' signals indicate we have a bottom here, and since the top down analysis suggests we will see a massive rally in the dollar, I'm willing to maintain a long bias for the longer term.
I'm long $USDNOK, $USDSEK, $USDMXN and short $GBPUSD for now, whilst flat the Euro. I might take short term longs in that pair from time to time, so I leave it for speculative shorter term setups only.
I'm also long gold and miners, as a hedge for my equities and forex portfolio.
Good luck,
Ivan Labrie.
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The green line isn't a trendline, it was drawn before the bottom here...
