rjchilia123

US dollar Bear Market

Short
TVC:DXY   U.S. Dollar Index
The long term technicals on the monthly charts are just starting to break down we broke the up trend line and established our lower high, next I would expect a lower low below $88.40 on monthly chart. Very good entry for longer-term short on dollar with stop at around 100. The dollar is very bearish fundamentally and I would expect this bear market to take it below 70.
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.