danresdidualfx

DXY medium term perspective

Long
TVC:DXY   U.S. Dollar Index
Good morning people am back to posting frequent ideas... to begin with, the dollar still remains respectively bullish we had the key 99.00 psych region which was clearly a clear barrier, area of liquidity, however due to fundamental positive data and china and the US still centring the attention with a possible trade deal we could expect further highs to be made to around the 100.00 region. Currently, price could test the previous high, if theres signs of rejections we could retrace to confluence area of trendline and MA to create a higher low before making new highs.

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.