Hi Traders,
The DXY (Dollar Index) is very close to break a very important triangle which also with 78.6% fib. This triangle has been holding since mid March 2015 and is very tight correction here which I think it's only preparing the market for a new high.
IF DXY really breaks this triangle, we can see the USD getting .strength across the board.
When DXY breaks this triangle to the upside and close on the daily above, I will look for USD exposure on pairs such as EUR/USD, USD/CAD and USD/CHF.
Also, you are invited to join my chatroom which is FREE until the 12th of November. Just send me an email and I will add you there!
I hope this helps!
Thiago Duarte
Chief Strategist at Duarte Investment Group (DIG)
thiago@duarteinvestmentgroup.com
@thiagotrader
The DXY (Dollar Index) is very close to break a very important triangle which also with 78.6% fib. This triangle has been holding since mid March 2015 and is very tight correction here which I think it's only preparing the market for a new high.
IF DXY really breaks this triangle, we can see the USD getting .strength across the board.
When DXY breaks this triangle to the upside and close on the daily above, I will look for USD exposure on pairs such as EUR/USD, USD/CAD and USD/CHF.
Also, you are invited to join my chatroom which is FREE until the 12th of November. Just send me an email and I will add you there!
I hope this helps!
Thiago Duarte
Chief Strategist at Duarte Investment Group (DIG)
thiago@duarteinvestmentgroup.com
@thiagotrader
