dxy is speaker pattern blue lines are key....entry exit these line using and stoploss and target
[ A Monthly, Quarterly, Yearly and Decades candle formation in sight. Break and Close Below 91.70 will lead to a big dent.
Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price...
Disclaimer : This is not financial advice please do your own research before investment. As you can clearly see right now DXY creating Bear flag if DXY failed to sustain above and breaks the flag from downside then the next support will be around 95.9 and if the price goes below 95 then the technically support will be around 93.
DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart
Good macros from European countries make the EURUSD follow a book bullish trend at the same time that Fed is trying to keep up its repo balance sheet and dollar is weakening against major currencies (refer to DXY where it has broken second support). The fact that Iran looks like is going to retaliate any moment from now does not give a positive scenario to markets...