The greenback (DXY - US DOllar Index) entered into a panic selling stage when broke down the 93.9 level.
That usually lasts for around 5 days so it can turn anyday now.
Maybe today , maybe tomorrow...
Price also broke below the August low. Technical traders will enter into this market with shorts but cyclewise we are very late. The decline will not be sustainable....
A lot of instrument are waiting for USD to bottom: like gold , USDJPY, GBPUSD, USDCAD etc.
I'm looking for a reversal here this week.
That usually lasts for around 5 days so it can turn anyday now.
Maybe today , maybe tomorrow...
Price also broke below the August low. Technical traders will enter into this market with shorts but cyclewise we are very late. The decline will not be sustainable....
A lot of instrument are waiting for USD to bottom: like gold , USDJPY, GBPUSD, USDCAD etc.
I'm looking for a reversal here this week.
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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.
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.