Dollar Index (DXY) daily video, December 19, 2017

[Sive Morten]

Good morning,

Currently Dollar Index shows more bearish signs. But as market stands thin and there are a lot of speculation around tax bill pass, we should be ready for different surprises:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[ward133]

Mr sive.

Most probable -as I read - they will vote for yes on tax bill. !
Do you personally think there might be a surprise and vote no !

And if yes won. Does that mean it is a must that $ will jump a head or traders might understand it other way ?!

 

[Sive Morten]

Mr sive.

Most probable -as I read - they will vote for yes on tax bill. !
Do you personally think there might be a surprise and vote no !

And if yes won. Does that mean it is a must that $ will jump a head or traders might understand it other way ?!

Hi buddy,
"yes" is for both questions. Presonally today I trade gold with 3-Drive setup that we've discussed. It is more attractive than FX right now by many reasons.
At least thechnically, gold is "preparing" for "yes". We'll see...