U.S. Dollar IndexShort
Dollar Index DXY Analysis
Similarly to Gold but the exact opposite direction, Dollar have been in a downward trend breaking key supports since 20th March candle. It paused on 1st September giving a slightly retracement to the extreme oversold situation due to fundamentals changes(Fiscal Stimulus, Near Zero Interest Rate).
I prefer price to be moving back to the key resistance next week for a final Dollar retracement push before resuming its downward movement since the chart is not showing much of a sign. It is better to wait out and see how the market react before we enter a trade to protect our capital!
I prefer price to be moving back to the key resistance next week for a final Dollar retracement push before resuming its downward movement since the chart is not showing much of a sign. It is better to wait out and see how the market react before we enter a trade to protect our capital!
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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.
To give is to receive...
Like me on Facebook: facebook.com/FUsingapore/
Like me on Facebook: facebook.com/FUsingapore/
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.