DXY - Could Be Close To Breaking Out
Updated
As the title says - DXY could be getting close.
Just a simple chart here.
Notice how price is rolling to the upside and hugging the moving average.
Long term breakouts usually come from smooth ascents, not jerky sudden impulses.
Higher highs and higher lows.
This also has significance for stocks - see linked threads for my take.
Not advice.
Just a simple chart here.
Notice how price is rolling to the upside and hugging the moving average.
Long term breakouts usually come from smooth ascents, not jerky sudden impulses.
Higher highs and higher lows.
This also has significance for stocks - see linked threads for my take.
Not advice.
Note
It could be 4 bullish weekly candles in a row. Other than at a bottom if this week closes green it will be the first time its happened since the bull run in 2018.Note
Upside breakout and today is a new high for the year.If price can hold above then it should coast to $94.6 resistance without too much fuss.
Note
Now looking very likely that this is the beginning of the DXY bull run. Hold on to your hats. 🎩👒
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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