DXY! Always up to something!
DXY is sort of annoying sometimes to use as an indicator and even fails half the time properly showing the strength or weakness of the dollar at any given moment. However if pressured to do an analysis on this... here is my call.
Just going with the trend of the four hour chart, expecting some sort of pull back would ultimately be the only chance at going long here. Again a lot of mistakes can be made looking at this chart to use it as an indicator for other securities. So that in mind take this with a grain of salt. DXY is going up. For how long, no clue. Would I ever make another trade based on what this one is doing. no. I just know a lot of people are interested and use this as a gauge.
In a time when the news is signaling a depression I am here to be the light and tell you that the dollar will strengthen not because the dollar is getting any stronger but the yen and pound and other currencies even bitcoin are just hitting rock bottoms. To each their own, apples and oranges, tomatoe tomateh. Happy Trading all!! Thanks for your support! Stay tuned for more signals coming at you Towards the end of the week! My Ethereum call is playing out nicely if your late to the party I still think we have a ways to go. look for a pull back!!
Just going with the trend of the four hour chart, expecting some sort of pull back would ultimately be the only chance at going long here. Again a lot of mistakes can be made looking at this chart to use it as an indicator for other securities. So that in mind take this with a grain of salt. DXY is going up. For how long, no clue. Would I ever make another trade based on what this one is doing. no. I just know a lot of people are interested and use this as a gauge.
In a time when the news is signaling a depression I am here to be the light and tell you that the dollar will strengthen not because the dollar is getting any stronger but the yen and pound and other currencies even bitcoin are just hitting rock bottoms. To each their own, apples and oranges, tomatoe tomateh. Happy Trading all!! Thanks for your support! Stay tuned for more signals coming at you Towards the end of the week! My Ethereum call is playing out nicely if your late to the party I still think we have a ways to go. look for a pull back!!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.