Hello Traders!
Fundamental:
I still see the DXY super bearish. Just remember we still have bad economy, The FED is still printing a lot of Dollars. This leads to the devaluation of the DXY.
Chart:
Also on the chart we can see only bearish signal. We are dropping very strongly from an important Key Level (100). We broke through the 95. But now it is time for a Correction to the upside. As we can see the market is providing us a corrective up trend structure. Also we go upfront a daily Supply Zone and the Key Level. I do expect at test of the level. Also this move would fill the orders from the daily Supply Zone. This will lead afterwards to a strong drop to the downside and the market will continue to follow the overall down trend.
But for now I do expect a push to the upside
What do you think of DXY? Long or Short? Write it down
Thank you and we will see next time
- Darius.
Fundamental:
I still see the DXY super bearish. Just remember we still have bad economy, The FED is still printing a lot of Dollars. This leads to the devaluation of the DXY.
Chart:
Also on the chart we can see only bearish signal. We are dropping very strongly from an important Key Level (100). We broke through the 95. But now it is time for a Correction to the upside. As we can see the market is providing us a corrective up trend structure. Also we go upfront a daily Supply Zone and the Key Level. I do expect at test of the level. Also this move would fill the orders from the daily Supply Zone. This will lead afterwards to a strong drop to the downside and the market will continue to follow the overall down trend.
But for now I do expect a push to the upside
What do you think of DXY? Long or Short? Write it down
Thank you and we will see next time
- Darius.
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✔️Instagram: instagram.com/dariusfxtrading
✔️ Telegram(german): t.me/dariusfxtrading
✔️ Top Broker💯 my.roboforex.com/de/?a=skxb