DISCLAIMER:
THIS CHANNEL IS MADE FOR EDUCATION PURPOSE. WE ARE NOT FINANCIAL ADVISORS NOR WE ARE TELLING INDIVIDUALS TO TAKE TRADES. ALL IDEAS ARE BASED UPON TRADERS ANALYSIS. TRADING INVOLVES RISK AND POTENTIAL LOSS OF CAPITAL. PLEASE STICK TO WHAT WORKS FOR YOU. EVERYONE TRADES AT THEIR OWN WILL. HAPPY TRADING AND CONTINUE TO LEARN
What's up Traders! *note this is a LONG TERM overview!
Here is my Long term view of the DXY. I am long term bearish on the Dxy due to the fact that we broke structure on the higher time frame. I do see a minor retracement happening to the upside but momentum staying bearish. I personally would not be surprised if we can see the Dxy reach the 81.00 mark area. As we are all aware, we are in a global pandemic influencing the print of the dollar by the monetary system. This results in demand for cash leading to a decrease of the USD.
2020 elections media stated Bidden is the 2020 president resulting in Trump's loss. We shall see what happens in the upcoming months WITH the dollar.
THIS CHANNEL IS MADE FOR EDUCATION PURPOSE. WE ARE NOT FINANCIAL ADVISORS NOR WE ARE TELLING INDIVIDUALS TO TAKE TRADES. ALL IDEAS ARE BASED UPON TRADERS ANALYSIS. TRADING INVOLVES RISK AND POTENTIAL LOSS OF CAPITAL. PLEASE STICK TO WHAT WORKS FOR YOU. EVERYONE TRADES AT THEIR OWN WILL. HAPPY TRADING AND CONTINUE TO LEARN
What's up Traders! *note this is a LONG TERM overview!
Here is my Long term view of the DXY. I am long term bearish on the Dxy due to the fact that we broke structure on the higher time frame. I do see a minor retracement happening to the upside but momentum staying bearish. I personally would not be surprised if we can see the Dxy reach the 81.00 mark area. As we are all aware, we are in a global pandemic influencing the print of the dollar by the monetary system. This results in demand for cash leading to a decrease of the USD.
2020 elections media stated Bidden is the 2020 president resulting in Trump's loss. We shall see what happens in the upcoming months WITH the dollar.