DXY Breakdown
May 17, 2021 Price Took Off!!!
Week of May 16, 2022
Price Fell Hard for the whole week.
After six weeks of Leaps and Bounds the DXY can’t go much further.
The fundamentals all point to this pull back.
Whatever part of the US You can feel the inflation at the gas pumps and consumer prices.
There is more money in circulation then ever before so at some point the inevitable will present itself in the DXY to continue to fall this week.
All currency pairs connected to the dollar like
GBPUSD
EURUSD
NZDUSD prices should rise as the DXY falls.
The market does 3 things:
1. Goes up
2. Goes down
3. Consolidates
The market moves for 2 reasons:
1. Imbalance
2. Liquidity
Never over leverage.
Trust your trade set up.
Have fun!
May 17, 2021 Price Took Off!!!
Week of May 16, 2022
Price Fell Hard for the whole week.
After six weeks of Leaps and Bounds the DXY can’t go much further.
The fundamentals all point to this pull back.
Whatever part of the US You can feel the inflation at the gas pumps and consumer prices.
There is more money in circulation then ever before so at some point the inevitable will present itself in the DXY to continue to fall this week.
All currency pairs connected to the dollar like
GBPUSD
EURUSD
NZDUSD prices should rise as the DXY falls.
The market does 3 things:
1. Goes up
2. Goes down
3. Consolidates
The market moves for 2 reasons:
1. Imbalance
2. Liquidity
Never over leverage.
Trust your trade set up.
Have fun!
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.
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.