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Dxysignals

ood indication of other major currencies #DXY#DOLLARLike every week, we try to analyze the dollar first so that we have an understanding of everything else. On April 22 the dollar made its breakout after six failed attempts but stopped very quickly (usually in the event of a breakout we expect long rallies to continue), its fall stopped just in support and this morning the dollar is rising slightly. The most likely scenario is: the dollar is returning to the upside and bypassing its previous record. The less likely scenario the USD continues to fall and breaks support and then its next target will be Area 95.
TVC:DXYLong
by xosignals
Where does the #Dollar go from here? #DXYWe analyzed the dollar last week and left the same sentence on the graph above, the only change is the question mark that became an exclamation mark, this is the reason: The dollar broke serious resistance and so we thought that this is now the dollar is going to rise upwards and then suddenly there was a drop then we did not know whether this decline shows that it was a false alarm or not, as you can see the dollar returned very quickly to rise upwards and so it will continue in the same direction in the near future !
TVC:DXYLong
by xosignals
What is the next target of the #Dollar?We try to analyze the direction of the dollar at the beginning of the week to get ideas on other currencies. As can be seen in the graph above, the dollar breached the resistance last week after six unsuccessful attempts and after it remained stuck in the middle between 95.49 and 97.67 since November. That resistance breaks out after a while and after a long period of time, it should lead to serious increases. The next target of the dollar is 100.30 Buy DXY: Entry Price: 98.10 Take profit: 100.30 Stop Loss: 97.40
TVC:DXYLong
by xosignals