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Chart Of The Day From HTG

Hoag
May 16 2016 at 06:54
14 posts
Blog Title: DXY Technical Analysis: Confirm Bullish view
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Talking Points:
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[*]DXY Technical Strategy: Bullish
[*]Elliottwave Count: We are confirming flat correction here, and looking for impulse count

Analysis:
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We keeping our primary analysis posted earlier month and considering correction over in dollar index. With that we are looking for gathering more evidence for bullish impulse count. First confirmation received after weekly close above flat correction channel. Followed by bearish triangle trend-line, which confirm that dollar indices is in bullish trend and will continue near future. Same was confirmed in EURUSD and other dollar basket currency pairs.


What to do:
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We started buying dollar index and dollar basket pairs and will add more in retracements. We will already in short EURUSD, GBPUSD.





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