volatility in the dollar should continue (DXY)
Updated
fib trend extend says the hourly picture could still be bullish for the dollar, but continued resistance around the 95.8 area, and continued support around the 95.4 area is likely.
this should mean cheaper prices for stocks, but i dont imagine the fed can keep its finger off the printer button for long.
a break above or below the horizontal lines and 4 hr close would be considered bullish or bearish respectively.
favorite USD pairings at the moment for a bull break in DXY would be NZD and AUD, and my favorite dollar pairings for a bear break would be JPY or EUR.
this should mean cheaper prices for stocks, but i dont imagine the fed can keep its finger off the printer button for long.
a break above or below the horizontal lines and 4 hr close would be considered bullish or bearish respectively.
favorite USD pairings at the moment for a bull break in DXY would be NZD and AUD, and my favorite dollar pairings for a bear break would be JPY or EUR.
Trade closed: target reached
long target for dxy has been exceededthis trade idea is closed
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.