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DXY Daily

Posted by Geofract on September 19, 2010 at 11:45am

DXY daily bouncing from a daily TL. Printed a pin bar. I expect DXY to strengthen in the next few days, but then to continue falling further. I fully agree with Larry what's his face that the fed will seek to continue devaluing the dollar, which will in turn re-inflate the markets. Lets see anyway!
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  • Geofract October 20, 2010 at 4:42pm

  • Geofract September 20, 2010 at 7:46pm


    H1 update
  • Geofract September 19, 2010 at 12:06pm
    I take your point about bullets left to re-inflate the market though :)
  • Geofract September 19, 2010 at 12:05pm
    Surely you only follow the daily, given you're trading small tf's? I am following the daily for what it's worth, the weekly is too far away. Ok, if I see sutained dollar buying then I'll have to change my view, but for now the daily trend down is still in force, and nothing says otherwise to me at the moment. 1 pin bar doesn't make a sustained reversal, as I'm sure you know dude :)
  • Aadil September 19, 2010 at 11:59am

  • Aadil September 19, 2010 at 11:58am
    UUP = DXY has another dilemma on 2 TF's

    Weekly = bull flag

    daily = bear flag and pending death cross

    which TF do we follow ?
  • Aadil September 19, 2010 at 11:58am
    but the problem is if the markets fall , then they will have no more bullets left to re-inflate the markets.

    The market is too toppy @ present in order to introduce more QE!!
    maybe introduce on next sell off to bring the market back up
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