DXY 29/07

Carol Harmer Charmer Trading

Going throught the markets, there isnt really anythingthat stands out and grabs me, maybe its just the markets I look at...but the DXY has potential..101.80 looking to be the top currently, so far trading at 101.34...

Now if you are looking at DXY futures, the high has been 101.57, and the highest we have got to on this last leg is 101.49...so maybe the Futures have topped..Technical indicators for both markets have turned negative...so I think the idea of playing this from the short side is a better idea...You know that if the cash breaks 101.80 with any real conviction, and 101.57 on the Futures then we look again...

Remember we have entered the days of the dead markets with this weekend a hive of activity as traders head out away from desks, laptops and fly away to holiday destinations where they can play with kids, drink, eat unhealthy food, but importantly keep their little digits off their phones and pads and really have break..

We know the last 1/4 of the year can be the most profitable...so they rest, looking to come back in September, gratefully if the family have driven them mad, with a hole in the wallet the size of the Grand Canyon... Happy Days.

Author

Carol Harmer

Charmer Trading

Carol Harmer has over 39 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical trader in the world today.

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