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Usdollarcurrencyindex

Green on greenback. DXYLooking at the US Dollar currency index, we see a major impulse for longs. This is fueled by the increased demand for greenback as people exit out of bonds and stocks, We believe. We will continue to monitor and comment on this growth. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
TVC:DXYLong
by Rykin_Capital
DXY | H&S and Ascending Broadening WedgePlease support this idea with LIKE if you find it useful. Price formed a Head and Shoulders pattern. In case there is a breakout of the support trendline or better of the Ichi Cloud support zone the price will go down (possible retest the 200 MA). Nevertheless we are sitting on the 50 MA support and there is also an ascending broadening wedge pattern, which can work out if there is an upward breakout of the formation. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:DXY
by Anpu
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