DXC USD index

 DXC USD index has risen very fast in 10 weeks indicating the change in trend. the fall from 85 to 79 levels took 44 weeks and the same was retraced in 21 weeks indicating that the trend might have reversed and it confirms that doller is expected to strengthen against other currencies. it has also broken above the trend line from November 2005 a nine year trend line which is generally a signal for trend change. so we have to see now how it behaves. The time factors is confirming that we might see it moving upwards to first 90, then 96 and 102 levels. DXC has moved above 200 day EMA, and 200 week EMA and not its nearing 200 month EMA at 87. 200 month EMA has not been taken out in last 11 years any break out above 87 has all chances of triggering a bull run which could easily take it to 100 levels. So in coming weeks we can expect strength in USD against all currencies.

M.Mahiidar

Enjoying Life

Trend is Friend.