Ironclad_Investments

Dollar Index (DXY) Analysis

Long
TVC:DXY   U.S. Dollar Index
If this area holds, bouncing from the 200MA and Fibonacci level we could see see a second leg of strength for the dollar. As we know, during uncertain times, crisis' and recessions - the dollar rules king. If the Covid-19 panic selling continues it would support this analysis and strengthen the dollar. We are also seeing many correlations across the board for appealing flight to safety setups. Be careful will synthetic trades and your exposure.
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