VOW whoa VOW ... Here We Go !
US DOLLAR INDEX BOTTOMED OUT ?
YES OF COURSE IT HAS TO !
USD HAS TESTED THE KEY SUPPORT & ALSO SHORT TERM BEST BUY LEVEL 80.0 AS PER ''9 MONTH TREND CYCLE'' Which the Markets are probably trading as per current Trend Based on TAPE READING.
HOWEVER ''THOUGHT PATTERN'' TECHNICAL / GRAPHIC EXPLANATION IS HIGH LIGHTED IN THE CHART
''So when the prices need to RISE whatever the news , fundamentals , Technical Indicaors signals are ... Markets takes it as positive ...When Needs OR due for a Correction .. The Positive Out come will Also be taken as Negative By the Markets''
Short term traders with time fame 1-3 months Start Bottom Fishing @ & On All dips below 80.0 for SHORT TERM TARGET OF 86.56
81.90 IS THE CRUCIAL LEVEL THIS TIME & BREAK OUT OF IT .. THE PARTY NEVER STOPS TILL 84.48/86
STRICT STOP LOSS IS @ 78.10 BUT TRADERS CAN USE THAT OPPORTUNITY TO ADD MORE POSITIONS ... 78.10 IF TESTS .. THEN IT WOULD BE A WIN WIN SITUATION FOR THE SMART FISH.
This time we expect the USD to bottom out around 80.0 - 79.20 Levels & Bounce back Sharply & its unlikely to hover around consolidating for some time ...how USD Did in the Previous Patter cycle .
LTP - 79.97
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| DOLLAR THOUGHT PATTERN |
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