FW: [Maybank] DXY – Technical Bottoming in Place?

 

Subject: [Maybank] DXY – Technical Bottoming in Place?

 

GBL: DXY – Technical Bottoming in Place? FX Flash by Saktiandi Supaat FX Research While the DXY has fallen more than 10% since the start of the year, technical signs are emerging to suggest a bottoming could be in place. Price action suggests the potential of a classic textbook inverse Headand Shoulders pattern with neckline seen at 94-levels (also the 23.6% fibo retracement of 2017 high to low). A sustained close above this 94-94.30 neckline should see upside gather momentum and the complete reversal of the inverse H&S should see the DXY higher towards 97 levels. Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.