US Dollar Index DXY & USDCHF Potential failing rally on a Cypher Pattern - 27th Oct, 2014

US Dollar Index DXY & USDCHF Potential failing rally on a Cypher Pattern - 27th Oct, 2014

Hourly Chart

Outlook Trade opportunity

The Cypher on the DXY chart is a much better 78.6 where it is at a good Resistance level, however on the USDCHF its not as significant. How we may play this is we can also anticipate that the dollar strength might fail to rally to new highs for the meantime and some weakness is to come. Being the case we could play the majors dollar crosses and find the strongest currency against the USD to go long.

Risk Level __

Tips -

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