Dollar Index has given a breakout from the cup and handle pattern. What remains to be seen if it's a real or false breakout
Dear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible as I said on last weeks ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected! in the next period I will...
Can be bullish for EMs including India if breakdown sustains
IF DOLLAR INDEX GOING DOWN, THEN USD JPY ALSO SHOW SAME FACE AND GOLD WILL BE IN UP TREND OR IN RANGE
cmp 92.95 Bullish above 93.32 above it Downside open for Emerging Markets
Breakout attempt. If successful then expect a rally which could mean pressure on equities
This is 4 rejection from around 92.8 levels in last 6 trading sessions. It has failed to breakout despite high inflation numbers in US and increasing risk of the tapering of stimulus. If it has finally reversed for good then be ready for risk-on in EM including India. Hopefully Nifty crosses 16k and Bank Nifty breakouts above 36k soon
As the Cpi report took dollar to its channel top now its time for dollar to reconcile towards 92.0
wee can se a nice little pattern over there if it breaks and gives us a nice pull back wee can look for shorts